HomeMy WebLinkAbout2003-131-12/02/2003-APPROVING THE SUBLEASE OF CITY- LEASED PROPERTY AT 8281 WEST COUNTY ROAD 32 C, LOVELAND COLORADO RESOLUTION 2003-131
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING THE SUBLEASE OF CITY LEASED PROPERTY AT
8281 WEST COUNTY ROAD 32 C,LOVELAND, COLORADO
WHEREAS, pursuant to the terms of the Lease Agreement and the Agreement of Purchase
and Option of Real Property between the City and the Pulliam Marital Trust,the City of Fort Collins
is intending to lease with an option to purchase the property at 8281West County Road 32 C,
Loveland, Larimer County, Colorado (the "Property"); and
WHEREAS, the Property includes an existing residence and is part of a ranch which shall
be leased by the City with an option to purchase for the City of Fort Collins Natural Areas program;
and
WHEREAS, there is an existing tenant in the residence, and there is currently not an active
City use identified for this Property; and
WHEREAS, the City desires to sub-lease the Property for a term of two years at an annual
rate of$7,800; and
WHEREAS, the sub-lease of the Property will benefit the City in that it will generate
revenue and will provide for occupation 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 sub-leasing the Property at 8281 West County
Road 32 C as provided herein is in the best interests for the City of Fort Collins.
Section 2. That the City Manager is authorized to execute a lease agreement for the
Property, consistent with the terms of this Resolution, in substantially the same form as the
Residence 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 held this 2nd day of December,
A.D. 2003.
ayor
ATTEST:
Chief Deputy City Clerk