HomeMy WebLinkAbout026 - 03/15/2011 - AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT 222, 224 AND 226 WEST MOUNTAIN AVENUE FOR UP TO FIVE ORDINANCE NO. 026, 2011
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT
222, 224 AND 226 WEST MOUNTAIN AVENUE FOR UP TO FIVE YEARS
WHEREAS,the City is the owner of a building with three units located at 222,224 and 226
West Mountain Avenue, Fort Collins, Larimer County, Colorado (the "Property"); and
WHEREAS, the Property was purchased in 1985 as part of the Block 31 purchases and has
since been occupied by commercial lease tenants as there is not a City need identified for the
Property; and
WHEREAS,the Property is currently leased to Moe Kamandy,owner of the Mountain Cafe;
and
WHEREAS,the City desires to continue leasing this Property for a period of up to five years
at an annual rate of at least $11,200; and
WHEREAS, the lease of the Property is beneficial to the City as it will generate revenue,
reduce the City's costs for utilities for the Property and discourage vandalism; and
WHEREAS,under Section 23-1 I l(a)of the City Code,the City 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 City Council first finds,by ordinance, that such sale or other 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 City Council hereby finds that leasing the Property as provided
herein is in the best interests of the City.
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 or effectuate the purposes of this Ordinance,
including any necessary changes to the legal description of the Property, as long as such changes
to not materially increase the size or change the character of the property to be leased.
Introduced, considered favorably on first reading, and ordered published this 1st day of
March. A.D. 2011, and to be presented for final passage on the 15t day of March, A.D. 2011.
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ATTEST: May
City Clerk
Passed and adopted on final reading on the 15th day of March A.D. 2011.^
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ATTEST:'-
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'City Clerk