HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 03/16/2004 - RESOLUTION 2004-040 AUTHORIZING THE LEASE OF CITY- ITEM NUMBER: 18
AGENDA ITEM SUMMARY DATE: March 16, 2004
FORT COLLINS CITY COUNCIL STAFF: Helen Matson
SUBJECT
Resolution 2004-040 Authorizing the Lease of City-owned Property at 304 North Howes Street.
RECOMMENDATION
Staff recommends adoption of the Resolution.
FINANCIAL IMPACT
Rent collected from this lease will result in at least$8,400 in unanticipated revenue to the General
Fund - Real Property Lease Budget. The tenant will pay all utilities.
EXECUTIVE SUMMARY
The City purchased this property as part of the Civic Center Master Plan in 2000. The City's use of
this block is still being planned. In the interim,the residence has continued as a rental. The current
rental term and approval expires this spring. The existing tenants have expressed an interest in
continuing to lease the Property. The new lease term will be for one year, with the City having the
option to renew for an additional term.
RESOLUTION 2004-040
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT
304 NORTH HOWES STREET
WHEREAS,the City of Fort Collins is the owner of the property legally described as Lot 15,
Block 33, Fort Collins, Colorado and also known as 304 and 304-1/2 North Howes Street (the
"Property"); and
WHEREAS, the residence at 304 North Howes Street is shown as "Residence" on Exhibit
"A" attached hereto; and
WHEREAS, the City purchased this Property for the Civic Center Master Plan and has not
yet finalized specific plans for the Property; and
WHEREAS,the City desires to lease the Property for a term of one year, with the option to
renew for an additional year at a monthly rate of at least $700; and
WHEREAS, under Section 23-114 of the Code of the City of Fort Collins, the Council is
authorized to lease any and all interests in real property owned in the name of the City,provided that
Council first finds that the lease is in the best interests of the City.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the Council hereby finds that leasing the Property under the terms listed
above is in the best interests for the City of Fort Collins.
Section 2. That the City Manager is hereby authorized to execute a lease agreement for the
Property, consistent with the terms of this Resolution, together with such additional terms and
conditions as the City Manager, in consultation with the City Attorney, determines to be necessary
and appropriate to protect the interests of the City.
Passed and adopted at a regular meeting of the City Council held this 16th day of March,
2004.
Mayor
ATTEST:
City Clerk
EXHIBIT "A„ EXHIBIT "X1
I
I�
i
LEASE OF 304 N . HOWES
LOCATION MAP
z
I
CHERRY ST
CA .. BA
z ` z
_ 3
mResidence o
p z
it
l
MAPLE ST
i
I:
li
® City-Owned Buildings
® 304 N. Howes
• it