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HomeMy WebLinkAbout1984-078-05/15/1984-AUTHORIZING THE CITY MANAGER TO ENTER INTO AN AGREEMENT EXTENDING AND MODIFYING A LEASE BETWEEN CHAR RESOLUTION 84- 78 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING THE CITY MANAGER TO ENTER INTO AN AGREEMENT EXTENDING AND MODIFYING A LEASE BETWEEN CHARLES BISHOPP, AS TRUSTEE FOR THE CITIES OF FORT COLLINS AND GREELEY, AND JESSE C. GREER AND VIRLON G. PARKER WHEREAS, the City of Fort Collins and the City of Greeley are the owners of certain real property known as the Rockwell Ranch; and WHEREAS, said Rockwell Ranch has been leased to Jesse C. Greer and Virlon G. Parker for the last twelve years; and WHEREAS, it is desirable to extend the existing lease for an addi- tional one-year term, with subsequent automatic extension each year for two additional years, and the present lessees have offered to continue the lease arrangement for such additional term upon substantially the same terms and conditions as contained in the original lease, plus provisions to protect water rights and to accommodate future exchanges; and WHEREAS, in the opinion of the Council of the City of Fort Collins it is to the best advantage of the City to extend the existing lease for an additional one-year period with subsequent automatic extension, if desired. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS that the City hereby approves the extension and modification of the present lease for the Rockwell Ranch with substantially the same terms (with rental to be increased to $1,500 per year) and conditions as con- tained in the existing lease and with additional provisions to protect existing water rights and to accommodate a possible future exchange of portions of the Rockwell Ranch with the United States Forest Service; and BE IT FURTHER RESOLVED that the City Manager and City Clerk be, and they hereby are, authorized and directed to execute an agreement to extend and modify the lease for and on behalf of the City of Fort Collins. Passed and adopted at a regular meeting of the City Council held this 15th day of May, 1984. mayor ATTEST: city Clerk