HomeMy WebLinkAbout022 - 02/17/2004 - AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT 212 WEST MOUNTAIN AVENUE FOR UP TO FIVE YEARS ORDINANCE NO. 022, 2004
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT
212 WEST MOUNTAIN AVENUE FOR UP TO FIVE YEARS
WHEREAS,the City of Fort Collins,Colorado(the"City") is the owner of property located
at 212 West Mountain Avenue, Fort Collins, Larimer County, Colorado (the "Property"); and
WHEREAS, this Property was purchased as part of the Block 31 purchases and there is
currently not a City need identified for this Property; and
WHEREAS, the City desires to lease this Property for a period of up to five years at an
annual rate of at least $62,250; and
WHEREAS, the lease of the Property is beneficial in that it will generate revenue, reduce
the City's costs for utilities for the Property, and discourage vandalism; 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 at 212 West Mountain
Avenue 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 3rd day of
February,A.D. 2004, and to be presented for final passage on the 17th day bbruary,A. 2004.
May r
I ST:
a
City Clerk
Passed and adopted on final reading on the 17th day of Febru A.D. 2004.
Mayor
ATTEST:
City Clerk