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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 12/20/2005 - RESOLUTION 2005-134 AUTHORIZING THE EXTENSION OF T ITEM NUMBER: 35 AGENDA ITEM SUMMARY DATE: December20, 2005 FORT COLLINS CITY COUNCIL STAFF: Patrick Rowe SUBJECT Resolution 2005-134 Authorizing the Extension of the Sublease Agreement with the Fort Collins Convention and Visitors Bureau for a Portion of the Facility at the Welcome Center, Located at 3545 East Prospect Road. RECOMMENDATION Staff recommends adoption of the Resolution. FINANCIAL IMPACT As per the terms of the existing Sublease Agreement, the Lessee will not pay rent for this extension period. EXECUTIVE SUMMARY In August 1999, the City and the Colorado State Board of Agriculture ("State") entered into an Intergovernmental Agreement ("IGA") regarding the Environmental Learning CenterNisitors Center/Welcome Center (the "Facility") located at 3545 East Prospect Road. Under the terns of the IGA, the City leased a portion of the Facility from the State. In June 2001, the City entered into a Sublease Agreement with the Fort Collins Convention and Visitors Bureau to sublease the City's portion of the Facility for convention and visitor services. The sublease terminates December 31, 2005. The City Purchasing Department anticipates bidding out convention services in the early part of 2006. The successful bidder will then enter into a new sublease agreement with the City for use of the Facility. Since the bid is not until the early part of 2006 and this lease terminates at the end of this month, we are requesting approval to extend the current lease to March 31, 2006. RESOLUTION 2005-134 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING THE EXTENSION OF THE SUBLEASE AGREEMENT WITH THE FORT COLLINS CONVENTION AND VISITORS BUREAU FOR A PORTION OF THE FACILITY AT THE WELCOME CENTER, LOCATED AT 3545 EAST PROSPECT ROAD, FORT COLLINS, COLORADO WHEREAS, the City and the Colorado State Board of Agriculture (acting by and through Colorado State University) (the "State") entered into an Intergovernmental Agreement ("IGA") dated August 19, 1999, regarding the Environmental Learning CenterNisitors Center/Welcome Center("Facility"), located at 3545 East Prospect Road in Fort Collins; and WHEREAS, pursuant to the IGA, the City currently leases from the State and subleases to Fort Collins Convention and Visitors Bureau a portion of the Facility; and WHEREAS, the City's sublease with the Fort Collins Convention and Visitors Bureau expires December 31, 2005; and WHEREAS, the City Purchasing Department anticipates bidding out convention services in the early part of 2006; and WHEREAS, until there is a successful bidder, the City desires to extend the current sublease through March 31, 2006; 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 RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the Council hereby finds that subleasing a portion of the Facility at 3545 East Prospect Road under the terms listed above is in the best interests of the City of Fort Collins. Section 2. That the City Manager is hereby authorized to execute a first amendment to the sublease agreement consistent with the terns of this Resolution and containing such additional terns and conditions as the City Manager, in consultation with the City Attorney, determines appropriate and necessary to protect the interests of the City. Passed and adopted at a regular meeting of the City Council held this 20th day of December, A.D. 2005. Mayor ATTEST: City Clerk Sublease Agreement Welcome Center-3545 E . Prospect Rd Location Map N W f Z p _ Z ' A 4 a O i I RO PE f K p 4 pppZ O Z SW FRONTAGE RD ® Location Site N A