HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 04/04/2006 - SECOND READING OF ORDINANCE NO. 049, 2006 AUTHORIZ ITEM NUMBER: 10
AGENDA ITEM SUMMARY DATE: April 4, 2006
FORT COLLINS CITY COUNCIL STAFF: Patrick Rowe
Maurice Head
SUBJECT
Second Readingof Ordinance No.049 2006 Authorizing the Lease of City-Owned Property at 2313
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Kechter Road, Fort Collins, Colorado, for Up to Five Years.
RECOMMENDATION
Staff recommends adoption of the Ordinance on Second Reading.
EXECUTIVE SUMMARY
The City acquired this property as part of the Affordable Housing Land Bank Program (the"Land
Bank Program"). The property is composed of 15.959 acres of development land and is improved
with a 2,967 square foot single family house and three outbuildings. This Ordinance which was
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unanimously adopted on First Reading on March 21,2006, authorizes the lease of this property and
will include the entire 15.959 acres with the single family residence and the three outbuildings.
ITEM NUMBER: 14
AGENDA ITEM SUMMARY DATE: March 21, 2006
FORT COLLINS CITY COUNCIL STAFF: Patrick Rowe
Maurice Head
SUBJECT
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First Reading of Ordinance No. 049, 2006 Authorizing the Lease of City-Owned Property at 2313
Kechter Road, Fort Collins, Colorado, for Up to Five Years.
RECOMMENDATION
Staff recommends adoption of the Ordinance on First Reading.
FINANCIAL IMPACT
Rent collected from the lease of the house and outbuildings will result in at least $19,200 in
unanticipated revenue to the Ad M. eyrogram. The tenants will pay
all charges for utilities and pr de gr
EXECUTIVE SUMMARY
The City acquired this property as part of the Affordable Housing Land Bank Program (the "Land
Bank Program"). The property is composed of 15.959 acres of development land and is improved
with a 2,967 square foot single family house and three outbuildings. One of the goals of the Land
Bank Program is to hold land for a minimum of five years. Leasing the property during this time
period generates revenue for the program, eliminates ground maintenance and discourages
vandalism in empty structures.
The lease for 2313 Kechter Road will include the entire 15.959 acres with the single family
residence and the three outbuildings.
ORDINANCE NO. 049, 2006
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT
2313 KECHTER ROAD, FORT COLLINS, COLORADO
FOR UP TO FIVE YEARS
WHEREAS, in April 2001, the Council adopted Ordinance No. 048, 2001, amending
Chapter 23 of the Code of the City by the addition of a new Article XI entitled"Land Banking"; and
WHEREAS,Ordinance No.048,2001,contains a determination of the City Council that the
acquisition of real property in order to ensure the property will be available for future development
to provide housing for extremely low and very low income families would be in the best interests
of the citizens of the City; and
WHEREAS, Ordinance No. 048, 2001, further states that the proposed program for the
banking of real property for the purpose of assisting housing providers in providing housing for
extremely low and very low income families will not negatively impact the local real estate market,
due to the anticipated volume of property purchases the program would entail; and
WHEREAS,as part of the land banking program established pursuant to Ordinance No.048,
2001, known as the Affordable Housing Land Bank Program(the"Land Bank Program"), the City
of Fort Collins acquired the property at 2313 Kechter Road, in Fort Collins (the "Property"), in
January 2006; and
WHEREAS, the City desires to lease the Property for a period of up to five years at an
annual rate of at least $19,200; 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 interest of the City.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section L That the Council hereby finds that the lease of the Property at 2313 Kechter
Road 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 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 or desirable to protect the interests of the City.
Introduced, considered favorably on first reading, and ordered published this 21st day of
March, A.D. 2006, and to be presented for final passage on the day of April, A.D. 2006.
Mayo
ATTEST:
ILL
City Clerk O
Passed and adopted on final reading on the 4th day of April, A.D. 2006.
Mayor
ATTEST:
City Clerk