HomeMy WebLinkAbout1987-004-01/06/1987-HISTORICAL OPERA HOUSE PARKING AGREEMENT PARTNERSHIP LTD RESOLUTION 87- 4
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE CITY MANAGER TO ENTER INTO
A PARKING AGREEMENT WITH THE
HISTORICAL OPERA HOUSE PARTNERSHIP, LTD.
WHEREAS, on April 28, 1986 the City Planning and Zoning Board approved
the Opera House Block Building, P.U.D. ; and
WHEREAS, as a part of the planning process of the aforementioned Opera
House Block Building P.U.D. , certain parking needs were identified; and
WHEREAS, it is in the best interests of the City to secure parking for
the project to help promote planned economic growth in the downtown area;
and
WHEREAS, the City Parking Commission, Planning and Zoning Board and
The Historical Opera House Partnership, Ltd. , the developer of the Opera
House Block Building P.U.D. , (the "Developer") have agreed in concept to a
plan in which the City will lease to the Developer a maximum of one hundred
and eighty-five (185) parking spaces in City-managed parking lots to be
used by employees of the Opera House P.U.D. ; and
WHEREAS, the Developer has agreed to pay the City in advance a lease
rate of Ten Dollars ($10) per month per space plus any additional sum
necessary to match the existing market rate which fee will provide income
to the City Parking Fund.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the City Manager be, and he hereby is, authorized to execute
an agreement with the Historical Opera House Partnership, Ltd. for the
lease of a maximum of one hundred and eighty-five (185) parking spaces in
City-managed parking lots for a term of twenty-five (25) years, said spaces
to provide parking facilities for the employees of the Opera House P.U.D.
Passed and adopted at a regular meeting of the Council of the City of
Fort Collins held this 6th day of January, A.D. 1987.
Mayor
ATTEST:
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