HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 04/20/2004 - FIRST READING OF ORDINANCE NO. 066, 2004, AUTHORIZ ITEM NUMBER: 16
AGENDA ITEM SUMMARY DATE: April 20, 2004
FORT COLLINS CITY COUNCIL STAFF: Helen Matson
SUBJECT
First Reading of Ordinance No. 066, 2004, Authorizing the Lease of City-owned Property at 222,
224 and 226 West Mountain Avenue,Fort Collins,Colorado,to Moe Kamandy for up to Five Years.
RECOMMENDATION
Staff recommends the adoption of the Ordinance on First Reading.
FINANCIAL IMPACT
Rent collected from this lease will result in at least $11,200 each year in unanticipated revenue to
Miscellaneous Revenue-General Fund. The tenant will be responsible for all expenses for utilities,
janitorial, and taxes.
EXECUTIVE SUMMARY
The City and the County purchased the building at 222, 224 and 226 West Mountain Avenue in
1985 as part of the Block 31 purchases. In the Intergovernmental Agreement dividing Block 31,this
property was quitclaimed to the City. Since the City and County's purchase of this property,these
spaces have been leased to commercial customers. The occupants of 222 and 224 have terminated
their leases. The current tenant of 226 West Mountain Avenue, Moe Kamandy of the Mountain
Cafe,has expressed a desire to expand his dining room into the space at 224 West Mountain Avenue
and to use the space at 222 West Mountain Avenue for storage space. The new total square footage
for the restaurant area will be 1,055 and the storage area has 315 square feet. These spaces are not
presently conducive for use by other City users. Staff recommends leasing these spaces to Moe
Kamandy of the Mountain Cafe until this area of Block 31 is needed for future improvements.
The total yearly lease payment for these spaces will be at least$11,250. In addition, the tenant will
be responsible for the following expenses: taxes, all utilities, and janitorial.
ORDINANCE NO. 066, 2004
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT
222, 224 AND 226 WEST MOUNTAIN AVENUE, FORT COLLINS, COLORADO,
TO MOE KAMANDY FOR UP TO FIVE YEARS
WHEREAS, the City of Fort Collins, Colorado (the "City") is the owner of the building
that has three spaces located at 222, 224 and 226 West Mountain Avenue, Fort Collins, Larimer
County, Colorado (the "Property"); and
WHEREAS, the Property was purchased as part of the Block 31 purchases and has been
occupied by commercial lease tenants pending a decision as to the long term use of the Property;
and
WHEREAS, the City desires to lease the Property for a period of up to five years at an
annual rate of at least$11,220; and
WHEREAS, the lease of the Property is beneficial in that it will generate revenue, reduce
the City's costs for utilities for the Property and it will also discourage vandalism; 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 ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS as follows:
Section 1. That the Council hereby finds that leasing the Property at 222, 224 and 226
West Mountain Avenue as provided herein is in the best interests of 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 Ordinance, 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.
Introduced, considered favorably on first reading, and ordered published this 20th day of
April, A.D. 2004, and to be presented for final passage on the 4th day of May, A.D. 2004.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading on the 4th day of May, A.D. 2004.
Mayor
ATTEST:
City Clerk
2221224 & 226 W. Mountain Avenue
Location Map
Larimer County
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