HomeMy WebLinkAbout027 - 03/15/2011 - AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT 2313 KECHTER ROAD FOR UP TO FIVE YEARS ORDINANCE NO. 027, 2011
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT
2313 KECHTER ROAD FOR UP TO FIVE YEARS
WHEREAS, on April 17, 2001, the City Council adopted Ordinance No. 048, 2001,
amending Chapter 23 of the City Code by the addition of a new Article XI entitled"Land Banking";
and
WHEREAS, in Ordinance No. 048, 2001-the City Council determined 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 banking real property for the
purpose of assisting housing providers in providing housing for extremely low and very low income
families would not negatively impact the local real estate market, due to the anticipated volume of
property purchases the program would entail; and
WHEREAS, in January, 2006 the City acquired the property at 2313 Kechter Road in Fort
Collins(the"Property"),as part of the land banking program established pursuant to Ordinance No.
048, 2001; and
WHEREAS, in April 2006,the City Council adopted Ordinance No. 049, 2006,authorizing
the lease of the Property for a period of up to five years; and
WHEREAS,the City desires to continue leasing the Property for a period of up to five years
at an annual rate of at least $19,200; and
WHEREAS,under Section 23-11 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 the lease of 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 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 do 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 15 y of March, A.D. 2011.
i
'Mayo() '
ATTEST:
City Clerk
Passed and adopted on final reading on the 15th day of March, A.D. 2011.
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Mayor
ATTEST:
City Clerk