HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 07/19/2005 - SECOND READING OF ORDINANCE NO. 072, 2005, AUTHORI ITEM NUMBER: 7
AGENDA ITEM SUMMARY DATE: July19, 2005
FORT COLLINS CITY COUNCIL STAFF: Helen Matson
Kayla Ballard
SUBJECT
Second Reading of Ordinance No.072,2005,Authorizing the Lease of City-Owned Property at 812
North Shields Street,Fort Collins, Colorado, for Up to Five Years.
RECOMMENDATION
Staff recommends adoption of the Ordinance on Second Reading.
EXECUTIVE SUMMARY
The City purchased this parcel of land, including house and out buildings, as part of the Operations
Services Master Plan. Staff recommends leasing this site until the improvements included in the
Master Plan are constructed to discourage vandalism and to lower City costs to maintain the site.
The site is currently leased.
Ordinance No. 072, 2005, was unanimously adopted on First Reading on July 5, 2005.
ORDINANCE NO. 072, 2005
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT
812 NORTH SHIELDS STREET, FORT COLLINS, COLORADO
FOR UP TO FIVE YEARS
WHEREAS,the City of Fort Collins is the owner of the property at 812 North Shields Street,
Fort Collins, Larimer County, Colorado; and
WHEREAS, the City purchased this property for facilities provided in the Operations
Services Master Plan to be constructed at a later date; and
WHEREAS, the City desires to lease this Property for a period of up to five years at an
annual rate of at least $10,200; and
WHEREAS, the lease of the Property is beneficial in that it will discourage vandalism and
reduce the City's costs to maintain the Property; 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 812 North Shields
Street as provided herein is in the best interests of the City.
Section 2. That the City Manager is hereby authorized to execute a negotiated Lease
Agreement 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 appropriate
to protect the interests of the City.
Introduced,considered favorably on first reading,and ordered published this 5th day of July,
A.D. 2005, and to be presented for final passage on the 19 ay of July, A.D. 2005
MaycU
ATTEST:
City Clerk
Passed and adopted on final reading this 19th day of July, A.D. 2005.
Mayor
ATTEST:
City Clerk
ITEM NUMBER: 16
AGENDA ITEM SUMMARY DATE: July5, 2005
FORT COLLINS CITY COUNCIL STAFF: Helen Matson
Kayla Ballard
SUBJECT
First Reading of Ordinance No. 072, 2005, Authorizing the Lease of City-Owned Property at
812 North Shields Street, Fort Collins, Colorado, for Up to Five Years.
RECOMMENDATION
Staff recommends adoption of the Ordinance on First Reading.
FINANCIAL IMPACT
Rent collected from this lease 11 result uraujpast=$10,200 per year in unanticipated revenue to
the Equipment Fund Reserves.a enant will payall utilities.
s
EXECUTIVE SUMMARY
The City purchased this parcel of land, including house and out buildings, as part of the
Operations Services Master Plan. Staff recommends leasing this site until the improvements
included in the Master Plan are constructed to discourage vandalism and to lower City costs to
maintain the site. The site is currently leased.
ATTACHMENTS
1. Location Map