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HomeMy WebLinkAbout087 - 08/19/2008 - AUTHORIZING THE LEASE OF THE PRAIRIE RIDGE NATURAL AREA FOR DRYLAND WHEAT FARMING FOR UP TO THREE YE ORDINANCE NO. 087, 2008 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING THE LEASE OF THE PRAIRIE RIDGE NATURAL AREA FOR DRYLAND WHEAT FARMING FOR UP TO THREE YEARS WHEREAS, the City of Fort Collins, Colorado (the "City") and the City of Loveland ("Loveland")jointly own a 785-acre property known as Prairie Ridge Natural Area, located south of the City of Fort Collins and west of Taft Hill Road, as described on Exhibit"A", attached and incorporated herein (the "Property"); and WHEREAS,the City and Loveland entered into an Intergovernmental Agreement("IGA") on March 22, 2000, regarding their joint ownership of the Property and related rights and responsibilities; and WHEREAS, the IGA provides that Loveland is the Managing Entity and is responsible for the management of the Property; and WHEREAS,Loveland staff has negotiated a lease agreement for dryland wheat farming on the Property, the form of which, entitled Dryland Farm Lease and dated July 15, 2008, is on file in the office of the City Clerk and available for public inspection (the "Lease Agreement'); and WHEREAS, the Lease Agreement provides that 550 acres of the 785 acre Property (the "Leased Premises") may be used for rotational wheat crops, with 275 acres in crop production annually, and with the remaining land being fallow; and WHEREAS, the term of the Lease Agreement is for one year at an annual rate of$10/acre for the acreage planted, with two annual renewals by approval of the Managing Entity; and WHEREAS,the revenue from the Lease Agreement will be paid to the Managing Entity for use in managing the Property; and WHEREAS,the Land Conservation and Stewardship Board unanimously recommended that the Council authorize the proposed lease at its July 9, 2008 meeting; and WHEREAS, under Section 23-111(a) of the Code of the City of Fort Collins, the Council is authorized to sell, convey or otherwise dispose of any and all interests in real property owned in the name of the City, provided that the Council first finds, by ordinance, that such disposition 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 Leased Premises as provided herein is in the best interests of the City of Fort Collins. Section 2. That the Mayor is hereby authorized to execute a lease agreement for the Leased Premises on terms and conditions consistent with this Ordinance, together with such additional terms and conditions or modifications as the City Manager,in consultation with the City Attorney, determines to be necessary and appropriate to protect the interests of the City, including any necessary changes in the legal description of the Leased Premises, as long as such changes do not materially increase the size or change the character of the Leased Premises. Introduced, considered favorably on first reading, and ordered published this 15th day of July, A.D. 2008, and to be presented for final passage on the 19 y of August, A.D. 2008. Mayor ATTEST: City Clerk Passed and adopted on final reading on the 19th day o st, A.D. 2008. Mayor ' ATTEST: 406U� City Clerk Exhibit "A" Legal Description Legal Description of a parcel of land being portions of Sections 21 and 28,Township 6 North, Range 69 West of the 6th Principal Meridian,Larimer County, Colorado being more particularly described as follows: Beginning at the Southwest Corner of said Section 28 and considering the West line of the Southwest Quarter of said Section 28 as bearing South 00°03'32" West and with all bearings contained herein relative thereto; thence along the South line of the Southwest Quarter of said Section 28 North 89°36'54"East 50.00 feet; thence departing said South line North 00°03'32" East 1013.51 feet; thence North 89°50'35" East 2626.58 feet to a point on the North-South centerline of said Section 28; thence along said North-South centerline North 00°05'42" West 1153.00 feet;thence departing said North-South centerline North 89050'35"East 2674.10 feet to a point on the East line of the Southeast Quarter of said Section 28;thence along said East line North 00°14'02" West 529.32 feet to the East One Quarter Corner of said Section 28;thence along the East line of the Northeast Quarter of said Section 28;North 00°14'13" West 2651.15 feet to the Northeast Comer of said Section 28; thence along the East line of the Southeast Quarter of said Section 21 North 00°12'58" West 2626.00 feet to the East One Quarter Corner of said Section 21;thence along the East-West centerline of said Section 21 South 89°53'47" West 2660.74 feet to the center One Quarter Corner of said Section 21; thence continuing along said East-West centerline South 89°53'38" West 2708.47 feet to the West One Quarter Comer of said Section 21;thence along the West line of the Southwest Quarter of said Section 21 South 01 000'49" East 2636.00 feet to the Southwest Comer of said Section 21; thence along the West line of the Northwest Quarter of the Northwest Quarter of said Section 28 South 00003'02" West 1335.90 feet to the Northwest Comer of the Southwest Quarter of the Northwest Quarter of said Section 28; thence along the West line of the Southwest Quarter of the Northwest Quarter of said Section 28 South 00°00'43" West 1335.51 feet to the West One Quarter Comer of said Section 28;thence along the West line of the Southwest Quarter of said Section 28 South 00°03'32" West 2670.98 feet to the POINT OF BEGINNING. The above described tract of land contains 784.751 acres more or less and is subject to the right- of-way for Larimer County Road No. 19 and all other easements and rights-of-way of record.