HomeMy WebLinkAbout2001-092-07/17/2001-AUTHORIZING A SPONSORSHIP AND ADVERTISING LEASE AGREEMENT BETWEEN THE CITY AND EVERWEST FOR THE USE RESOLUTION 2001-92
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING A SPONSORSHIP AND ADVERTISING LEASE AGREEMENT
BETWEEN THE CITY AND EVERWEST FOR THE USE OF CERTAIN
PROPERTY AT THE NEW YOUTH ACTIVITY CENTER AT
415 EAST MONROE FOR COMMERCIAL ADVERTISING
FOR A PERIOD OF TWO YEARS
WHEREAS, the City of Fort Collins has leased from Everwest, a Colorado general
partnership,the property at 415 East Monroe in Fort Collins, Colorado, for use as a Youth Activity
Center(the "YAC"); and
WHEREAS, City staff has negotiated a Sponsorship Agreement/Advertising Lease
agreement with Everwest dated July 13, 2001, a copy of which is on file in the office of the City
Clerk and available for public inspection(the "Agreement"); and
WHEREAS, pursuant to the Agreement, Everwest would be considered a sponsor of the
YAC, and would be entitled to advertise itself as a sponsor of the YAC, and further would be
authorized to use certain specified interior areas of the YAC for the placement of advertising for
businesses located on property owned by Everwest,including Foothills Fashion Mall, subj ect to the
City's review and approval of the appearance and content of any such advertising; and
WHEREAS,the Agreement provides that Everwest shall pay to the City monthly payments
totaling $50,000 for each of the two years of the Agreement; and
WHEREAS, pursuant to Section 23-114(a) of the Code of the City of Fort Collins, the
Council is authorized to lease for a term of two years or less any and all interests in real property
owned in the name of the City,provided that Council first finds that the lease is in the best interests
of the City; and
WHEREAS, the Council, having considered the benefits to the City of the proposed lease
arrangement that staff has negotiated with Everwest,finds that Agreement and the grant to Everwest
of the right to use certain portions of the YAC for advertising as specified herein and in the
Agreement to be in the best interests of the City.
NOW, THEREFORE,BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the City Council hereby determines that the Agreement as described herein,is in the
best interests of the City, and hereby authorizes the Mayor to enter into such agreement consistent
with the terms hereof, 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.
2001. Passed and adopted at a regular meeting of the City Council held this 17th day of July,A.D.
Mayor
ATTEST:
1145 ,.
City Clerk