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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 01/03/2012 - POSTPONEMENT OF SECOND READING OF ORDINANCE NO. 18DATE: January 3, 2012 STAFF: Bruce Hendee, Ken Mannon Helen Matson AGENDA ITEM SUMMARY FORT COLLINS CITY COUNCIL 7 SUBJECT Postponement of Second Reading of Ordinance No. 183, 2011, Authorizing the Lease of City-owned Property at 430 North College Avenue and 100 Willow Street to the Colorado State University Research Foundation to January 17, 2012. EXECUTIVE SUMMARY Staff is requesting postponement of Second Reading of Ordinance No. 183, 2012, until January 17, 2012. There were portions of the Lease Agreement that caused concern with the City Council at its December 20, 2011 meeting. Staff from the City and Colorado State University Research Foundation need to discuss these areas of concern and agree on changes to the lease. Several of the key team members will be out of the office for the holiday season. This does not leave enough time to meet and complete negotiations prior to the meeting of January 3, 2012. STAFF RECOMMENDATION Staff recommends postponement to January 17, 2012.