HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 03/07/2000 - SECOND READING OF ORDINANCE NO. 20, 2000, APPROVIN AGENDA ITEM SUMMARY ITEM NUMBER: 11
DATE: March 7, 2000
. FORT COLLINS CITY COUNCIL STAFF:
Helen Matson
SUBJECT :
Second Reading of Ordinance No. 20, 2000, Approving the Terms of the City's Lease of the
Building at 405 Canyon Avenue.
RECOMMENDATION:
Staff recommends adoption of the Ordinance on Second Reading.
EXECUTIVE SUMMARY:
Ordinance No. 20, 2000,which was unanimously adopted on First Reading on February 15, 2000,
authorizes the terms of the City's lease of 405 Canyon Avenue and will permit the Larimer County
Treasurer's Office to remove the leased property from the tax rolls in accordance with C.R.S.
• Sections 31-15-801 and 802.
AGENDA ITEM SUMMARY ITEM NUMBER: 18
DATE: February 15, 2000
FORT COLLINS CITY COUNCIL STAFF: Helen Matson
SUBJECT:
First Reading of Ordinance No. 20,2000,Approving the Terms of the City's Lease of the Building
at 405 Canyon Avenue.
RECOMMENDATION:
Staff recommends adoption o CeOrdi oceoP�Rea`dying
FINANCIAL IMPACT:
Adoption of this Ordinance authorizes the terms of the City's lease of 405 Canyon Avenue and will
permit the Larimer County Tre , ' O opr, e property from the tax rolls in
accordance with C.R.S.Sectio 31-1 l an I e roperty remains on the tax rolls,
the City would be responsibl r payin the
EXECUTIVE SUMMARY:
In order for this property to remain tax exempt,state law requires that the Council approve the terms
of the lease by Ordinance.
Since December 1994,the CiQand
Basin ing 5 Canyon Avenue (2,577 square
feet)for the Human Rights O a ei rh Reso - s Office.The previously approved
lease expired November 30, 1has renegotiated the lease to continue for an additional five
years. The Lease Agreement commenced on January 1,2000 and continues for successive annual
terms through December 31,2004,with the City having the option to terminate at each anniversary
date if sufficient funds are not budgeted. The rental for this facility is $2,630 per month, which
equates to$12.75/square foot. This rental will be in effect for the first two years of the lease. Each
of the remaining renewals terms will be increased by the annual Consumer Price Index. The City
will be responsible for the utilities,custodial and carpet services,snow removal,and insurance. The
Landlord is responsible for major building maintenance and ground maintenance.
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