Loading...
HomeMy WebLinkAbout049 - 04/04/2006 - AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT 2313 KECHTER ROAD FOR UP TO FIVE YEARS ORDINANCE NO. 049, 2006 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT 2313 KECHTER ROAD, FORT COLLINS, COLORADO FOR UP TO FIVE YEARS WHEREAS, in April 2001, the Council adopted Ordinance No. 048, 2001, amending Chapter 23 of the Code of the City by the addition of anew Article XI entitled"Land Banking";and WHEREAS,Ordinance No.048,2001,contains a determination of the City Council that the acquisition of real property in order to ensure the property will be available for future development to provide housing for extremely low and very low income families would be in the best interests of the citizens of the City; and WHEREAS, Ordinance No. 048, 2001, further states that the proposed program for the banking of real property for the purpose of assisting housing providers in providing housing for extremely low and very low income families will not negatively impact the local real estate market, due to the anticipated volume of property purchases the program would entail; and WHEREAS,as part of the land banking program established pursuant to Ordinance No.048, 2001, known as the Affordable Housing Land Bank Program(the"Land Bank Program"), the City of Fort Collins acquired the property at 2313 Kechter Road, in Fort Collins (the "Property"), in January 2006; and WHEREAS, the City desires to lease the Property for a period of up to five years at an annual rate of at least $19,200; 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 interest 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 the lease of the Property at 2313 Kechter 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 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 or desirable to protect the interests of the City. Introduced, considered favorably on first reading, and ordered published this 21st day of March, A.D. 2006, and to be presented for final passage on the day of April, A.D. 2006. *Mayo ATTEST: City Clerk rk Passed and adopted on final reading on the 4th day of 1, A.D. 2006. Mayo ATTEST: City Clerk