HomeMy WebLinkAbout049 - 04/06/2004 - AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT 6916 SOUTH COLLEGE AVENUE FOR UP TO FIVE YEARS ORDINANCE NO. 049, 2004
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT
6916 SOUTH COLLEGE AVENUE,FORT COLLINS, COLORADO,
FOR UP TO FIVE YEARS
WHEREAS, the City of Fort Collins, Colorado (the "City") is the owner of the property
located at 6916 South College Avenue, Fort Collins, Colorado containing 17.11 acres and known
as the Land Bank-Bernhardt Property(the "Property"); and
WHEREAS,at the time the City purchased the Property in 2002, the land was in agriculture
production; and
WHEREAS, the City of Fort Collins intends to hold the Property for a period of five years
before pursuing the development of affordable housing opportunities; and
WHEREAS,the City desires to lease the Property fora period of up to five years at an annual
rate of at least $550; and
WHEREAS,leasing the Property permits the continued use of the ground for the agricultural
production of hay; 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 ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the Council hereby finds that leasing the Property 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.
Introduced, considered favorably on first reading, and ordered published this 16th day of
March, A.D. 2004, and to be presented for final passage on the 6th da of '1, A.D. 2004.
ATTEST: Mayor
I lu�, k vo.,.og i
City Clerk IO
Passed and adopted on final reading on the 6th day of April, A.D. 2004.
Mayor
ATTEST:
City Clerk