HomeMy WebLinkAbout072 - 07/19/2005 - AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT 812 NORTH SHIELDS STREET, FORT COLLINS, COLORADO, FO ORDINANCE NO. 072, 2005
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT
812 NORTH SHIELDS STREET, FORT COLLINS, COLORADO
FOR UP TO FIVE YEARS
WHEREAS,the City of Fort Collins is the owner of the property at 812 North Shields Street,
Fort Collins, Larimer County, Colorado; and
WHEREAS, the City purchased this property for facilities provided in the Operations
Services Master Plan to be constructed at a later date; and
WHEREAS, the City desires to lease this Property for a period of up to five years at an
annual rate of at least$10,200; and
WHEREAS, the lease of the Property is beneficial in that it will discourage vandalism and
reduce the City's costs to maintain the Property; 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 812 North Shields
Street as provided herein is in the best interests of the City.
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 5th day of July,
A.D. 2005, and to be presented for final passage on the 1 ay of July, A.D. 2005
Mayo
ATTEST:
City Clerk
Passed and adopted on final reading this 19th day of July, A.D. 2005.
Mayo
ATTEST:
46,1.�� LI
City Clerk