HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 07/19/2005 - SECOND READING OF ORDINANCE NO. 073, 2005, AUTHORI ITEM NUMBER: 8
AGENDA ITEM SUMMARY DATE: July 19, 200s
FORT COLLINS CITY COUNCIL STAFF: Helen Matson
Kayla Ballard
SUBJECT
Second Reading of Ordinance No.073,2005,Authorizing the Lease of City-Owned Property at 4913
South College Avenue, Fort Collins, Colorado, for Up to Five Years.
RECOMMENDATION
Staff recommends adoption of the Ordinance on Second Reading.
EXECUTIVE SUMMARY
This house is located on property owned by the City of Fort Collins. Until the land is utilized,
renting the house will generate revenue and will discourage vandalism. This action will approve the
leasing of the property for up to five years.
Ordinance No. 073, 2005, was unanimously adopted on First Reading on July 5, 2005.
ORDINANCE NO. 073, 2005
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT
4913 SOUTH COLLEGE AVENUE, FORT COLLINS, COLORADO
FOR UP TO FIVE YEARS
WHEREAS, the City of Fort Collins is the owner of the property at 4913 South College
Avenue, Fort Collins, Latimer County, Colorado; and
WHEREAS, the City desires to lease a portion of the Property, including the house more
particularly described on Exhibit "A", attached hereto and incorporated herein by this reference
(the "Residence") for a term of one year, with the City having the option to renew the lease for
additional one year terms, up to five years, at a monthly rate of at least $600.00; and
WHEREAS, the lease of the Residence 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 City Code, 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 Residence at 4913 South
College 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 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 passa n the 19th day of July A.D. 2005.
Mayor
Aj`TEST:
City Clerk
Passed and adopted on final reading on the 19th day of July, A.D. 2005.
Mayor
ATTEST:
City Clerk
ITEM NUMBER: 17
AGENDA ITEM SUMMARY DATE: July 5, 2005
FORT COLLINS CITY COUNCIL STAFF: Helen Matson
Kayla Ballard
SUBJECT ,
First Reading of Ordinance No. 073, 2005, Authorizing the Lease of City-Owned Property at
4913 South College Avenue, 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 wit`lwrqult,in at least`$7,20QTer year in unanticipated revenue to
the Transportation Fund. Tenant will pay gas aid ec cit9*t tilities.
A_.
EXECUTIVE SUMMARY
This house is located on property owned by the City of Fort Collins. Until the land is utilized,
renting the house will generate revenue and will discourage vandalism. This action will approve
the leasing of the property for up to five years.
ATTACHMENTS
1. Location Map