HomeMy WebLinkAbout066 - 05/04/2004 - AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT 222, 224 AND 226 WEST MOUNTAIN AVENUE TO MOE KAMANDY ORDINANCE NO. 066, 2004
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT
222, 224 AND 226 WEST MOUNTAIN AVENUE, FORT COLLINS, COLORADO,
TO MOE KAMANDY FOR UP TO FIVE YEARS
WHEREAS, the City of Fort Collins, Colorado (the "City") is the owner of the building
that has three spaces located at 222, 224 and 226 West Mountain Avenue, Fort Collins, Larimer
County, Colorado (the "Property"); and
WHEREAS, the Property was purchased as part of the Block 31 purchases and has been
occupied by commercial lease tenants pending a decision as to the long term use of the Property;
and
WHEREAS, the City desires to lease the Property for a period of up to five years at an
annual rate of at least $11,220; 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 it will also 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 222, 224 and 226
West Mountain Avenue as provided herein is in the best interests of 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 20th day of
April, A.D. 2004, and to be presented for final passage on the 4th day of May, A.D. 2004.
Mayor
ATTEST:
AUM�I.
City Clerk
Passed and adopted on final reading on the 4th day of May, A.D. 2004.
Mayor
ATTEST:
City Clerk