HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 01/15/2013 - FIRST READING OF ORDINANCE NO. 004, 2013, AUTHORIZDATE: January 15, 2013
STAFF: Helen Matson
Kayla Ballard
AGENDA ITEM SUMMARY
FORT COLLINS CITY COUNCIL 12
SUBJECT
First Reading of Ordinance No. 004, 2013, Authorizing the Lease of City-owned Property at 208 North Howes Street
and a Portion of 230 Laporte Avenue for up to Five Years.
EXECUTIVE SUMMARY
This Ordinance will authorize a lease of City-owned property located at 208 North Howes Street and a portion of 230
Laporte Avenue for up to five years.
BACKGROUND / DISCUSSION
The current tenant has leased this property since 2008 and desires to continue leasing both spaces. Staff
recommends that 208 North Howes and a portion of the property at 230 Laporte Avenue continue to be leased to the
existing tenant at current market rates, no less than $5.56 per square foot (interior space), for a period of up to five
years to offset maintenance expenses and generate revenue. However, the City retains the right to terminate the
lease upon one year’s notice.
FINANCIAL / ECONOMIC IMPACTS
Utilities costs are the obligation of the Tenant and the City shall be responsible for the maintenance costs. The City
will receive a minimum of $23,000 annually in gross rent, which will be used to cover operation expenses and the
balance shall go to the general fund.
STAFF RECOMMENDATION
Staff recommends adoption of the Ordinance of First Reading.
ATTACHMENTS
1. Location map
ORDINANCE NO. 004, 2013
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT
208 NORTH HOWES STREET AND A PORTION OF 230 LAPORTE AVENUE
FOR UP TO FIVE YEARS
WHEREAS, the City is the owner of properties located at 208 North Howes Street and 230
Laporte Avenue, which two properties together are legally described as Lots 36 and 37, Block 32,
Fort Collins, Larimer County, Colorado (together, the "Property''); and
WHEREAS, on December 18, 2007, the City Council approved Resolution 2007-110
authorizing the lease of the portion of the Property located at 208 North Howes Street for up to two
years; and
WHEREAS, on March 4, 2008, the City Council adopted Ordinance No. 021, 2008
authorizing the lease of 208 North Howes Street and a portion of 230 Laporte Avenue, consisting
of a total of 4,205 square feet (together, the "Premises") for a period of up to five years; and
WHEREAS, the City has no present use for the Premises, and City staff is therefore
recommending that it be leased at a current market rate of no less than $5.56 per square foot to offset
the City's maintenance expenses and generate revenue; and
WHEREAS, the Premises would include the use of a fenced outdoor storage area on the
south side of the 208 North Howes Street building; and
WHEREAS, the lease of the Premises would be terminable by the City on one year's notice
to the tenant; and
WHEREAS, under Section 23-111(a) of the City Code, the City Council is authorized to sell,
convey, or otherwise 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 sale or other 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 Premises 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 negotiated lease
agreement for the Premises on terms and conditions consistent with this Ordinance, together with
such additional terms and conditions as the City Manager, in consultation with the City Attorney,
determines to be necessary or appropriate to protect the interests of the City, including any
necessary changes to the legal description of the Premises, as long as such changes do not materially
increase the size or change the character of the Premises.
Introduced, considered favorably on first reading, and ordered published this 15th day of
January, A.D. 2013, and to be presented for final passage on the 5th day of February, A.D. 2013.
_________________________________
Mayor
ATTEST:
_____________________________
City Clerk
Passed and adopted on final reading on the 5th day of February, A.D. 2013.
_________________________________
Mayor
ATTEST:
_____________________________
City Clerk