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HomeMy WebLinkAbout2003-132-12/02/2003-APPROVING THE LEASE OF CITY-OWNED PROPERTY AND SUBLEASE OF CITY-LEASED PROPERTY IN SECTIONS 15, 16, RESOLUTION 2003-132 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROVING THE LEASE OF CITY-OWNED PROPERTY AND SUBLEASE OF CITY-LEASED PROPERTY IN SECTIONS 15, 16, 17, 18, 20, 21, 22, AND 27 OF TOWNSHIP 6 NORTH, RANGE 70 WEST OF THE 6TH P.M., LARIMER COUNTY, COLORADO WHEREAS, pursuant to the terms of the Lease Agreements and the Agreements of Purchase and Option of Real Property between the City and the Pulliam Marital and Charitable Trusts, the City of Fort Collins is intending to purchase real property in Sections 17, 18, 20 and 22 of Township 6 North, Range 70 West of the 6' P.M., with a lease and option to purchase property located in Sections 15, 16, 21, 22 and 27 of Township 6 North, Range 70 West of the 6' P.M., Latimer County, Colorado (the "Property"); and WHEREAS, the Property is a ranch which shall be purchased in part, with the balance of the ranch leased and optioned for purchase for the City of Fort Collins Natural Areas program; and WHEREAS, there is an existing and suitable farming and grazing tenant for the Property, and there is a need to continue historical operations of the Property while a management plan is developed; and WHEREAS, the City desires to lease the Property and sublease it to the current tenant for a term of two years at an annual rate of up to $9,000 per year; and WHEREAS, the lease of the Property is beneficial in that it will generate revenue and provide for ongoing use and care of the Property; and WHEREAS, pursuant to Section 23-114(b) of the Code of the City of Fort Collins, the Council is authorized to lease for a definite term of two years or less, any and all interests in real property owned in the name of the City except property that is part of the City's water or electric utility systems, provided that Council first finds by resolution that the lease is in the best interests of the City. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the Council hereby finds that the lease and subsequent sublease of the Property located in Sections 15, 16, 17, 18, 20, 21, 22 and 27 of Township 6 North, Range 70 West of the 6th P.M as provided herein is in the best interests for the City of Fort Collins. Section 2. That the City Manager is hereby authorized to execute a lease agreement for the Property, consistent with the terms of this Resolution, in substantially the same form as the Lease Agreement a draft of which, dated November 28, 2003, is on file in the office of the City Clerk and available for public inspection, 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. Passed and adopted at a regular meeting of the City Council eld this 2nd day of December, A.D. 2003. Mayor ATTEST: _ ,�'h /'/ z' , Chief Deputy City Clerk