HomeMy WebLinkAbout2012-023-04/17/2012-AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT 812 NORTH SHIELDS STREET FOR UP TO TWO YEARS RESOLUTION 2012-023
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT
812 NORTH SHIELDS STREET FOR UP TO TWO YEARS
WHEREAS, the City is the owner of the property at 812 North Shields Street, Fort Collins,
Larimer County, Colorado (the "Property"); and
WHEREAS, the City purchased the Property in 2000 for City facilities to be constructed,at
a later date pursuant to the Operations Services Master Plan; and
WHEREAS, the City has leased the Property for the last twelve years, and City staff
recommends continuing to lease the Property for a period of up to two additional years at an annual
rate of at least $10,500; and
WHEREAS, the lease of the Property is beneficial to the City in that it will discourage
vandalism and reduce the City's costs to maintain the Property; and
WHEREAS,under Section 23-114 of the City Code,the City Council is authorized to lease,
for a definite term of two years of less, any and all interests in real property owned in the name of
the City,provided that the City 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 City Council hereby finds that leasing the Property as provided herein
is in the best interests of the City.
Section 2. That the City Manager is hereby authorized to execute a negotiated Lease
Agreement for the Property consistent with the terms of this Resolution, together with such
additional terms and conditions as the City Manager, in consultation with the City Attorney,deems
necessary and appropriate to protect the interests of the City or to effectuate the purposes of this
Resolution, including, but not limited to, any necessary changes to the description of the Property,
so long as such changes do not materially increase the size or change the character of the property
to be leased.
Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 17th
day of April A.D. 2012.
Mayor
ATTEST: O�FORT.CO�
C,
Interim City Clerk
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