HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 09/05/2006 - RESOLUTION 2006-094 AUTHORIZING THE LEASE OF A POR ITEM NUMBER: 19
AGENDA ITEM SUMMARY DATE: September 5, 2006
FORT COLLINS CITY COUNCIL STAFF: Patrick Rowe
Marlys Sittner
SUBJECT
Resolution 2006-094 Authorizing the Lease of a Portion of the City-Owned Property at 250 North
Mason Street, Fort Collins, Colorado For Up to Two Years.
RECOMMENDATION
Staff recommends adoption of the Resolution.
FINANCIAL IMPACT
Rent collected from this lease will result in at least $3,552 in unanticipated revenue.
EXECUTIVE SUMMARY
Since the Transit Center became operational, the City has leased an office to a company that has
provided over-the-road bus service at the Center. The current tenant is Greyhound Lines, Inc.
Greyhound's lease will expire September 30, 2006 and the company has expressed a desire to
continue leasing the premises. This service has been beneficial to the community and City staff
would like to continue leasing the premises to the current tenant.
The Lease Agreement will be for the rental of a 190 square-foot office space and an outdoor
bicycle/storage unit. The lease term will be for one year, with the City having the option to renew
for an additional one-year term. The annual rental for these spaces will be$3,552. The tenant will
be required to carry commercial general liability insurance, commercial automobile liability
insurance and worker's compensation insurance.
DOWNTOWN TRANSIT CENTER
250 N. MASON
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RESOLUTION 2006-094
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF A PORTION OF
THE CITY-OWNED PROPERTY AT
250 NORTH MASON STREET, FORT COLLINS, COLORADO
FOR UP TO TWO YEARS
WHEREAS, the City of Fort Collins (the "City") is the owner of property known as the
Downtown Transit Center ("Center") located at 250 North Mason Street, Fort Collins, Larimer
County, Colorado; and
WHEREAS, the Center is operating as a central multi-modal facility; and
WHEREAS, the City has been leasing a portion of the Center consisting of a 190 square
foot office space, an outdoor storage locker and the use of an outdoor bus stop area (the
"Premises") to Greyhound Lines, Inc. ("Greyhound") for the purpose of providing over the road
transportation; and
WHEREAS, the City desires to continue leasing the Premises to Greyhound for a term of
up to two years, at an annual rent of at least $3,552;
WHEREAS, under Section 23-114 of the Code of the City of Fort Collins, the City
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 City Council hereby finds that leasing the portion of the Center
under the terms listed above is in the best interests for the City of Fort Collins.
Section 2. That the City Manager is hereby authorized to execute a negotiated Lease
Agreement for the Premises, consistent with the terms of this Resolution, together with such
additional terns and conditions as the City Manager, in consultation with the City Attorney,
determines to be necessary and appropriate to protect the interests of the City.
Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 5th
day of September, A.D. 2006.
Mayor
ATTEST:
City Clerk