HomeMy WebLinkAbout018 - 03/03/1998 - APPROVING THE LEASE OF REAL PROPERTY FOR AGRICULTURAL AND LIVESTOCK GRAZING PURPOSES TO ROYAL VISTA ORDINANCE NO. 18, 1998
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING THE LEASE OF REAL PROPERTY
FOR AGRICULTURAL AND LIVESTOCK GRAZING PURPOSES
TO ROYAL VISTA EQUINE, INC.
WHEREAS, in 1990, the City of Fort Collins ("the City")purchased a 160-acre parcel of
land located approximately two miles east of 1-25 along the Poudre River to be used as a possible
future site of a regional wastewater treatment plant ("the Property"); and
WHEREAS, in December, 1997, the City advertised a request for proposals to lease the
Property for agricultural purposes; and
WHEREAS, two proposals were received and a selection committee recommended awarding
the lease to Royal Vista Equine, Inc., a Colorado corporation ("Royal Vista"); and
WHEREAS, the City and Royal Vista have entered into a Lease Agreement to lease the
Property to Royal Vista for agricultural and livestock grazing purposes for a five-year term
beginning April 7, 1998, and ending February 28, 2003; and
WHEREAS, the Lease Agreement is contingent upon Council approving the Lease
Agreement by adoption of an ordinance on second reading on or before April 7, 1998; and
WHEREAS, Section 23-114 of the Code of the City of Fort Collins authorizes City Council
to lease the Property to Royal Vista for a five-year term, provided the City first finds, by ordinance,
that: (1) it is in the best interest of the City; (2) it will not materially impair the viability of the
City's wastewater utility system as a whole; and (3) it will be for the benefit of the citizens 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 the City's lease of the Property on the terms
and conditions described in the Lease Agreement are in the best interests of the City, will not
materially impair the viability of the City's wastewater utility system as a whole, and will be for the
benefit of the citizens of the City.
Section 2. That the Council hereby approves the Lease Agreement.
Section 3. That the Council hereby authorized the lease of the Property to Royal Vista on
the terms and conditions set forth in the Lease Agreement.
Introduced, considered favorably on first reading, and ordered published this 17th day of
February, A.D. 1998, and to be presented for final passage on t}e3"r-&day of Ma ,'A.D. 1998.
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ATTEST:-�4
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City Clerk
Passed and adopted on final reading this 3rd day of March;A.D. 1998.
ayor
ATTEST:
City Clerk v