HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 05/07/2002 - RESOLUTION 2002-044 AUTHORIZING THE LEASE OF CITY- AGENDA ITEM SUMMARY ITEM NUMBER: 22
FORT COLLINS CITY COUNCIL DATE: May 7, 2002
STAFF:
Helen Matson
SUBJECT:
Resolution 2002-044 Authorizing the Lease of City-owned Property at 304 North Howes Street.
RECOMMENDATION:
Staff recommends adoption of the Resolution.
FINANCIAL IMPACT:
Rent collected from this lease will result in at least $8,400 in unanticipated revenue to the General
Fund - Real Property Lease Budget. The tenant will pay gas and electric expenses.
EXECUTIVE SUMMARY:
The City purchased this property as part of the Civic Center Master Plan on February 28,2000. The
City's use of this block is still being planned; and, in the interim, the residence has continued as a
rental. At the time of purchase, the lease for the existing tenant was continued and that lease was
approved by Council. That tenant moved out at the end of her lease term. City crews have
completed necessary repairs and staff is advertising for a replacement tenant. The new lease term
will be for 12 months and will commence upon execution of the Lease. This lease will have the
option to renew for an additional year.
. RESOLUTION 2002-044
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT
304 NORTH HOWES STREET
WHEREAS,the City of Fort Collins is the owner of the property legally described as Lot 15,
Block 33, Fort Collins, Colorado and also known as 304 and 304 �/2 North Howes Street (the
"Property"); and
WHEREAS, the residence at 304 North Howes Street is shown as "Residence" on Exhibit
"A" attached hereto; and
WHEREAS, the City purchased the Property for the implementation of the Civic Center
Master Plan and has not yet finalized specific plans for the Property; and
WHEREAS, the City desires to lease this residence for a term of one year at a monthly rate
of at least $700, with the option to renew for an additional year; and
WHEREAS, under Section 23-114 of the Code of the City of Fort Collins, the 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 Council herebyfinds that leasing the Residence under the terms listed
above is in the best interests for the City of Fort Collins.
Section 2. That the City Manager, in consultation with the City Attorney, is hereby
authorized to negotiate and execute a lease agreement consistent with the terms of this Resolution
for the lease of the Residence.
Passed and adopted at a regular meeting of the City Council held this 7th day of May, A.D.
2002.
Mayor
ATTEST:
City Clerk
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EXHIBIT "A"
LEASE OF 304 N . HOWES
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