HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 12/18/2007 - RESOLUTION 2007-110 AUTHORIZING THE LEASE OF CITY- ITEM NUMBER: 20
AGENDA ITEM SUMMARY DATE: December 18, 2007
FORT COLLINS CITY COUNCIL
STAFF: Patrick Rowe
SUBJECT
Resolution 2007-110 Authorizing the Lease of City-Owned Property at 208 North Howes Stree
t For
Up to Two Years.
RECOMMENDATION
Staff recommends adoption of the Resolution.
FINANCIAL IMPACT
Utilities and tenant finish costs shall be the obligation of the tenant,and the City shall be responsible
for the maintenance costs. The City will receive a minimum of$19,840 annually in gross rent,
which will be used to cover operation expenses and the balance shall go to the general fund.
EXECUTIVE SUMMARY
As a result of the construction of the new Police Facility,Police will be relocating and consolidating
a number of Police functions that previously took place in various City buildings to Police's new
location on Timberline. One impact of this relocation/consolidation will be the availability of the
Poudre Feeds building located at 208 North Howes Street for other City uses. At present, the City
does not have an immediate use for the space, and therefore staff recommends that the space be
leased at current market rates, no less than $5 per sq ft, for a period of up to two years to offset
maintenance expenses and generate revenue.
208 N . HOWES LEASE
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Proposed Lease Property Location
RESOLUTION 2007-110
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT
208 NORTH HOWES STREET FOR UP TO TWO YEARS
WHEREAS, the City of Fort Collins is the owner of the property located at 208 North
Howes Street, Fort Collins, Larimer County, Colorado (the "Property"); and
WHEREAS, the City has no present use for the Property, and City staff is therefore
recommending that it be leased at a current market rate of no less than $5 per square foot to
offset the City's maintenance expenses and generate revenue; and
WHEREAS, under Section 23-114 of the Code of the City of Fort Collins, the Council is
authorized to lease, for a definite term of two (2) years or less, any and all interests in real
property owned in the name of the City, provided that Council first finds, by resolution, 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 leasing the Property at 208 North Howes
Street under the terms listed above is in the best interests of the City.
Section 2. That the City Manager is hereby authorized to execute a lease agreement for
the Property on terms and conditions consistent with this Resolution, together with such
additional terms 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, including any
necessary changes to the legal description of the Property, as long as such changes do not
materially increase the size or change the character of the leased premises.
Passed and adopted at a regular meeting of the Council of the City of Fort Collins this
18th day of December, A.D. 2007.
Mayor
ATTEST:
City Clerk