HomeMy WebLinkAbout146 - 12/20/2005 - AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT 945 EAST PROSPECT ROAD FOR UP TO FIVE YEARS I
ORDINANCE NO. 146, 2005
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT
945 EAST PROSPECT ROAD, FORT COLLINS, COLORADO
FOR UP TO FIVE YEARS
WHEREAS,the City of Fort Collins is the owner of the property at 945 East Prospect Road,
Fort Collins, Larimer County, Colorado (the "Property"); and
WHEREAS, the City purchased the Property for an intersection improvement project that
has not yet been undertaken by the City; and
WHEREAS, City staff desires to lease this Property for a period of up to five years at an
annual rate of at least$8,100; 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 residence at 945 East Prospect
Road 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 negotiated Lease
Agreement 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 appropriate
to protect the interests of the City.
Introduced, considered favorably on first reading, and ordered published this 15th day of
November, A.D. 2005, and to be presented for final pass n the 20th day of December, A.D.
2005.
�7
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 20th day of ecember, A.D. 2005.
Mayo
ATTEST:
City Clerk