HomeMy WebLinkAbout043 - 04/01/2003 - REAUTHORIZING A LEASE AGREEMENT BETWEEN THE CITY AND TWICE THE ICE, INC. FOR THE USE OF CERTAIN CITY ORDINANCE NO. 043, 2003
OF THE COUNCIL OF THE CITY OF FORT COLLINS
REAUTHORIZING A LEASE AGREEMENT BETWEEN THE CITY AND
TWICE THE ICE, INC., FOR THE USE OF CERTAIN
CITY PROPERTY AT EPIC FOR THE SALE OF ADVERTISING SPACE
WHEREAS, the City of Fort Collins is the owner of the property at 1801 Riverside Drive,
Fort Collins,Larimer,County,Colorado,commonly known as the Edora Pool Ice Center("EPIC");
and
WHEREAS,in 1997 the City Council authorized the City Manager,through Ordinance No.
199, 1997, to enter into a lease agreement with Twice the Ice, Inc ("TTI"), a not-for-profit 501c3
corporation, to sell advertising at EPIC; and
WHEREAS,TTI,Inc.has had,for the past five years and terminating on February 15,2003,
an agreement with the City of Fort Collins, to use certain City property at EPIC for the sale of
advertising space; and
WHEREAS,the express purpose of this agreement was to allow TTI to use the space to help
raise 22% of the total cost to complete a second ice arena at EPIC, a Building Community Choices
project; and
WHEREAS,TTI was successful in raising over$110,000 by selling advertising on the dasher
boards and the ice resurfacer at EPIC over the five year period of the agreement; and
WHEREAS, $206,502 remains in the Building Community Choices capital fund for the
second ice arena; and
WHEREAS, TTI wishes to extend its agreement with the City to sell advertising at EPIC
through December 31, 2003; and
WHEREAS,additional revenue from selling advertising at EPIC,along with other TTI fund-
raising, will be used to leverage the$206,502 in the Building Community Choices capital account
for the second ice arena to pay for needed additional items at the new facility; and
WHEREAS,TTI agrees to abide by the same requirements and procedures as were described
in the initial lease agreement; 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 in the name of the City, provided that
Council first finds the lease is in the best interests of the City; and
WHEREAS, the Council, having considered the benefits to the City of the proposed lease
arrangement that staff has negotiated with TTI, finds that the proposed agreement and the grant to
Twice the Ice of the right to use certain portions of EPIC for the sale of advertising is in the best
interests of the City.
NOW, THEREFORE BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the City Council hereby determines that reauthorization of the proposed Lease
Agreement for use of certain positions of EPIC by Twice the Ice, Inc. for the sale and display of
advertising for a term to commence at the time of signing of the agreement through December 31,
2003, is in the best interests of the City, and hereby authorizes the City Manager to enter into such
agreement consistent with the terms hereof.
Introduced,considered favorably on first reading,this 25th day of March,A.D. 2003,and to
be presented for final passage on the 1st day of April, A.D. 2003.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 1 st day of April, A.D. 2003.
Mayor "
ATTEST:
�.
City Clerk