HomeMy WebLinkAbout2005-037-04/19/2005-AUTHORIZING THE LEASE OF CITY-OWNED AGRICULTURAL PROPERTY AT 1425 OVERLAND TRAIL FOR UP TO TWO YEARS RESOLUTION 2005-037
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF CITY-OWNED AGRICULTURAL PROPERTY
AT 1425 OVERLAND TRAIL FOR UP TO TWO YEARS
WHEREAS, the City of Fort Collins is the owner of the property legally described as the
South 1/2 of the North 1/2 of Section 5,Township 7 North, Range 69 West of the 6th P.M.,County
of Latimer, Colorado and also known as 1425 Overland Trail (the"Property"); and
WHEREAS,the City purchased this property for Natural Areas purposes and is promulgating
a Management Plan for the Property; and
WHEREAS, the City desires to lease portion of the Property containing approximately 75
acres, more specifically described on Exhibit"A", attached hereto and incorporated herein by this
reference (the"Leased Premises") for agricultural purposes for a term of one year, with an option
to renew for one additional year, for the annual lease rate of$3,000; and
WHEREAS, under Section 23-114 of the Code of the City of Fort Collins, the Council is
authorized to approve the lease any and all interests in real property owned in the name of the City
for a period of two years of less by Resolution, provided that Council first finds 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 leasing the Leased Premises pursuant to
the terms set forth 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 Leased Premises, consistent with the terms of this Resolution, together with such additional
terms and conditions or modifications 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 Cou ' of the City of Fort Collins held this
19th day of April, A.D. 2005.
i
Mayor
ATTEST:
City Clerk
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