HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 07/17/2001 - RESOLUTION 2001-84 AUTHORIZING THE LEASE OF CITY-O AGENDA ITEM SUMMARY ITEM NUMBER: 20
FORT COLLINS CITY COUNCIL DATE: July 17, 2001
lip STAFF: Helen Matson
SUBJECT:
Resolution 2001-84 Authorizing the Lease of City-Owned Property at 945 East Prospect Road for
Up to Two Years.
RECOMMENDATION:
Staff recommends adoption of the Resolution.
FINANCIAL IMPACT:
Rent collected from this lease will result in approximately $8,000 in unanticipated revenue to
Miscellaneous Revenue - General Fund. Tenant will pay utility expenses.
17EXECUTIVE SUMMARY:
The City purchased this house and lot as part of the Prospect/Lemay Choices `95 Intersection
Improvement Project. This house will be affected by the right-turn lane that is to be added turning
south on Lemay Avenue from Prospect Road. Construction of this right-turn lane has been delayed
due to negotiations with the Texaco station on the comer. The construction of this right-turn lane
can be accomplished at a more affordable price if it can be constructed at the same time the comer
redevelops. Rite-Aid and Walgreen's have both previously submitted plans for this area;however,
neither of those plans have proceeded at this time. As a result, it is staff s recommendation to
continue renting this house for an additional year,with the Tenant responsible for utilities and site
clean-up until a redevelopment plan is approved for this area or until the vehicle count mandates the
construction of the turn lane due to an unacceptable service level. The lease of the property is
expected to discourage vandalism, and will reduce the City's costs of maintaining the site.
RESOLUTION 2001-84
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT
945 EAST PROSPECT ROAD FOR UP TO TWO YEARS
WHEREAS,the City of Fort Collins is the owner of certain property at 945 East Prospect
Road, Fort Collins, Larimer County, Colorado (the"Property"); and
WHEREAS,the City purchased the Property for a capital project to be constructed at a later
date; and
WHEREAS, the City desires to lease the Property for a term of one year, with the City
having the option to renew for an additional year at a monthly rate of at least$725; and
WHEREAS,the lease of the Property will be beneficial in that it will discourage vandalism
and reduce the City's costs to maintain the Property; and
WHEREAS, pursuant to Section 23-114(a) of the Code of the City of Fort Collins, the
Council is authorized to lease for a term of two years or less 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 hereby finds that leasing the Property at 945 East Prospect Road
as provided herein is in the best interests for the City of Fort Collins.
Section 2. That the City Manager is hereby authorized to execute a 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,determines to be necessary
and appropriate to protect the interests of the City.
Passed and adopted at a regular meeting of the City Council held this 17th day of July,A.D.
2001.
Mayor
ATTEST:
City Clerk
945 EAST PROSPECT
CITY-OWNED RENTAL PROPERTY
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