HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 08/18/2009 - FIRST READING OF ORDINANCE NO. 086, 2009, AUTHORIZ 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.
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 all utilities 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
of a single family dwelling, a three-car detached garage, two outbuildings and horse pasture land.
One of the original goals of the Land Bank Program 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
1. Location map
ATTACHMENT 1
3620 Kechter Road Lease
Location Map
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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; 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 the 1st day of September, A.D.
2009.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading on the Ist day of September, A.D. 2009.
Mayor
ATTEST:
City Clerk
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