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Home My WebLink AboutCOUNCIL - AGENDA ITEM - 09/01/2009 - SECOND READING OF ORDINANCE NO. 086, 2009, AUTHORI ITEM NUMBER: 10 AGENDA ITEM SUMMARY DATE: September 1, 2009 FORT COLLINS CITY COUNCIL STAFF: Helen Matson Kayla Ballard SUBJECT Second Reading of Ordinance No.086,2009,Authorizing the Lease of City-Owned Property at 3620 Kechter Road for Up to Five Years. RECOMMENDATION Staff recommends adoption of this Ordinance on Second Reading. EXECUTIVE SUMMARY The City has leased the property located at 3620 Kechter since 2002 and desires to continue leasing the property. This Ordinance,unanimously adopted on First Reading on August 18,2009,will allow the City to keep the property rented for up to five years. ATTACHMENTS 1. Copy of First Reading Agenda Item Summary - August 18, 2009. (w/o original attachments) ATTACHMENT 1 ITEM NUMBER: 11 AGENDA ITEM SUMMARY DATE: August 18, Zoos FORT COLLINS CITY COUNCIL STAFF: Helen Matson Kayla Ballard SUBJECT First Reading of Ordinance No. 086'�2009;Authorizing-the;Lease-of City-Owned Property at 3620 Kechter Road for Up to Five Years. �L' RECOMMENDATION Staff recommends adoption of the Ordinance on First Reading. FINANCIAL IMPACT Rent collected from this lease will result in at least$19,200 in unanticipated revenue to the Advance Planning Affordable Housing Program. Tenant will:pay.alkutilities-and ground maintenance. EXECUTIVE SUMMARY The City has leased this property since 2002 and desires to continue leasing the property. This Ordinance will allow the City to keep the property rented for up to five years. BACKGROUND The City acquired this property as part of the Affordable Housing Land Bank Program. The property is composed of approximately 5 acres of-development land. Currently, this site consists ri �� it . of a single family dwelling, a three-car detached �garagge, two oouttbuildings and horse pasture land. Vr One of the original goals of the'LandoBank�Progra i was to hold-land for a minimum of five years before possibly developing the land.However,due to the economic downturn,the City will continue holding and leasing the property until the market becomes stable. Leasing the property during this time period generates revenue for the program, eliminates ground maintenance and discourages vandalism in empty structures. During interim,the City will lease the residence as a horse property with acreage. The City has leased this property since 2002 and desires to continue leasing the property. The lease will include the single family residence, the-garage,-the two_outbuildings and the grazing area. ATTACHMENTS , (C 1'P, 1. Location map ORDINANCE NO. 086, 2009 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT 3620 KECHTER ROAD FOR UP TO FIVE YEARS WHEREAS, in April 2001, the City Council adopted Ordinance No. 048, 2001, amending Chapter 23 of the City Code by the addition of a new Article XI entitled "Land Banking"; and WHEREAS, Ordinance No. 048, 2001 contains a determination made by 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 stated 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 would not negatively impact the local real estate market, due to the anticipated volume of property purchases the program would entail; and WHEREAS, in April, 2002, the City acquired the property at 3620 Kechter Road, Fort Collins (the "Property") as part of the land banking program established pursuant to Ordinance No. 048, 2001; and WHEREAS, the City has leased the Property since 2002 and desires to continue leasing the Property for a period of up to five years at an annual rate of at least $19,200-1 and WHEREAS, under Section 23-111 of the City Code, the City Council is authorized to dispose of any and all interests in real property owned in the name of the City, provided that the City Council first finds, by ordinance, that such disposition 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 City Council hereby finds that leasing the property at 3620 Kechter Road 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 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, deems necessary and appropriate to protect the interests of the City or to effectuate the purposes of this Ordinance, including, but not limited to, any necessary changes to the description of the Property, so long as such changes do not materially increase the size or change the character of the property to be leased. Introduced, considered favorably on first reading, and ordered published this 18th day of August, A.D. 2009, and to be presented for final passage on t 1st day of September, A.D. 2009. j i Mayo ' ATTEST: City Clerk Passed and adopted on final reading on the 1st day of September, A.D. 2009. Mayor ATTEST: City Clerk i