HomeMy WebLinkAbout130 - 08/04/1998 - AUTHORIZING THE TERMINATION OF THE CITYS LEASE FOR THE MINI-LIBRARY AT 132 TROUTMAN PARKWAY ORDINANCE NO. 130, 1998
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE TERMINATION OF THE CITY'S LEASE
FOR THE MINI LIBRARY AT 132 TROUTMAN PARKWAY
WHEREAS, the City of Fort Collins currently leases 132 Troutman Parkway, more
particularly described in Exhibit"A," attached hereto and incorporated herein by this reference(the
"Property"), for use as a Mini Library Facility, under a Lease Agreement dated January 30, 1995
(the "Lease Agreement"); and
WHEREAS,the City has no use for the Property. as it no longer operates the Mini Library
Facility,having opened in early 1998 the Harmony Library,to which the Mini Library books, staff
and equipment have been relocated; and
WHEREAS, in the Lease Agreement the City agreed to continue to lease the Property
through May,2000,or pay a cancellation penalty of up to Forty-seven Thousand,Two Hundred and
Forty-five Dollars ($47,245); and
WHEREAS, City staff has worked with a local real estate brokerage to search for and
negotiate with potential subtenants for the Property, in order to reduce the costs to the City
associated with the lease of the Property; and
WHEREAS,the Salvation Army had proposed to sublease the Property,as approved by the
Council in Resolution 98-59, and to purchase an option for the remainder of the Lease term, as
approved by the Council in Ordinance No. 53, 1998; and
WHEREAS, the proposed sublease to the Salvation Army was not completed because the
local chapter was not able to secure full funding for the sublease from its parent organization; and
WHEREAS, Larimer County desires to lease the Property for use as a youth assessment
center,and the owner of the Property has agreed to terminate the City's Lease and lease the Property
directly to Larimer County; and
WHEREAS,City staff has determined that the termination of the Lease is in the best interest
of the City; and
WHEREAS, Section 23-111 of the City Code provides that the City Council is authorized
to sell, convey or otherwise dispose of any and all interests in real property owned by the City,
provided the Council first finds by ordinance that any such sale or disposition is in the best interests
of the City of Fort Collins.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS, as follows:
Section 1. That the termination of the City's Lease of the Property is in the best interests of
the City of Fort Collins.
Section 2. That the City Manager is hereby authorized to execute such documents as may
be necessary and appropriate in order to cause the termination of said Lease.
Introduced, considered favorably on First Reading, and ordered published this 21 st day of
July, A.D. 1998, and to be presented for final passage on the 4 of August, A.D.
Mayor
ATTEST:
-4k.Q
City Clerk
Passed and adopted on final reading this 4th day of Augu,S,-A.D. 1998.
/ `
ayor
ATTEST:
City Clerk
EXHIBIT "A"
A tract of land located in the Southeast Quarter of Section 35,
Township 7 North, Range 69 West of the Sixth Principal Meridian,
City of Fort Collins, Larimer County, Colorado, more particularly
described as follows;
Considering the north line of the said Southeast quarter of Section
35 as bearing North 89 degrees 47 minutes 04 seconds West, and with
all bearings contained herein relative thereto:
Commencing at the northeast corner of the said Southeast Quarter;
THENCE along the said north line, North 89 degrees 47 minutes
04 seconds West for a distance of 48 . 00 feet to a point on the
Westerly right of way of U.S. Highway No. 287 ;
THENCE along the said Westerly right of way, South 00 degrees
37 minutes 52 seconds East for a distance of 145. 00 feet;
THENCE continuing along the said Westerly right of way, South
00 degrees 13 minutes 08 seconds West for a distance of 270. 00
feet;
THENCE North 89 degrees 47 minutes 04 seconds West for a
distance of 338 . 01 feet;
THENCE South 00 degrees 13 minutes 08 seconds West for a
distance of 220 . 01 feet;
THENCE North 89 degrees 46 minutes 52 seconds West for a
distance of 38 . 00 feet to the east side of the proposed building
and to the TRUE POINT OF BEGINNING of this description;
THENCE along the north side of the proposed building, North 89
degrees 46 minutes 52 seconds West for a distance of 85.71 feet;
THENCE South 00 degrees 13 minutes 08 seconds West for a
distance of 42 . 00 feet to the south side of the said proposed
building;
THENCE along the said south side of the proposed building,
South 89 degrees 46 minutes 52 seconds East for a distance of 85 . 71
feet to the said east side of the proposed building;
THENCE along the said east side, North 00 degrees 13 minutes
08 seconds East for a distance of 42 . 00 feet to the point of
beginning. Containing 3600 square feet more or less.
The above described tract is subject to all easements and rights of
ways now existing or of record.
I hereby state that the above description was prepared by me and is
true and correct to the best of my professional knowledge, belief
and opinion. The description and area are based upon a previously
written legal description and not upon a actual field survey.
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WALLACE C. MUSCOTT COLORADO P.L.S. 17497 ,>>>"Ss,EGAA/ ''''';•
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