HomeMy WebLinkAbout2007-110-12/18/2007-AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT 208 NORTH HOWES STREET FOR UP TO TWO YEARS RESOLUTION 2007-110
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT
208 NORTH HOWES STREET FOR UP TO TWO YEARS
WHEREAS, the City of Fort Collins is the owner of the property located at 208 North
Howes Street, Fort Collins, Latimer County, Colorado (the "Property"); and
WHEREAS, the City has no present use for the Property, and City staff is therefore
recommending that it be leased at a current market rate of no less than $5 per square foot to
offset the City's maintenance expenses and generate revenue; and
WHEREAS, under Section 23-114 of the Code of the City of Fort Collins, the Council is
authorized to lease, for a definite term of two (2) years or less, any and all interests in real
property owned in the name of the City, provided that Council first finds, by resolution, that the
lease is in the best interests of the City.
NOW THER
EFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
FORT COLLINS as follows:
Section 1. That the Council hereby finds that leasing the Property at 208 North Howes
Street under the terms listed above is in the best interests of the City.
Section 2. That the City Manager is hereby authorized to execute a lease agreement for
the Property on terms and conditions consistent with this Resolution together with such
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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, including any
necessary changes to the legal description of the Property, as long as such changes do not
materially increase the size or change the character of the leased premises.
Passed and adopted at a regular meeting of the C nc'1 of the City of Fort C pins this
18th day of December, A.D. 2007.
Mayor
ATTEST:
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City Clerk