HomeMy WebLinkAbout1986-136-08/19/1986-OLD POWER PLANT POUDRE RIVER TRUST RENEW LEASE RESOLUTION 86- 136
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE CITY MANAGER TO ENTER INTO
AN AGREEMENT TO RENEW THE LEASE OF THE OLD POWER
PLANT TO THE POUDRE RIVER TRUST
WHEREAS, the Council of the City of Fort Collins has authorized the
Poudre River Trust (the "Trust") to work toward the improvement of the
Poudre River area; and
WHEREAS, the Trust has determined that the use of the old City Power
Plant as a visual arts center is its priority project; and
WHEREAS, Resolution 85-31 authorized the lease of the Power Plant to
the Trust for a period of 18 months to use the Power Plant as a visual arts
center and the Trust now wishes to continue leasing the Power Plant from
the City for an additional two years; and
WHEREAS, the City Council has determined that use of the Power Plant
by the Trust is in the public interest and will be a benefit to the
community.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the City Manager is hereby authorized to extend the lease with
the Poudre River Trust to allow it to use and to sublease the Power Plant
for office space and other uses as it determines to be in the best
interests of the community. The lease provisions will include, without
limitation, the following:
1 . The term of said lease will be for not more than 24 months.
2. The City will receive a nominal lease payment of $1 and the
Trust will be responsible for a proportionate share of the
utility costs for the Power Plant.
Passed and adopted at a regular meeting of the City Council held this
19th day of August, A.D. 1986.
Mayor
ATTEST:
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City Clerk