HomeMy WebLinkAbout2008-077-08/19/2008-AUTHORIZING THE LEASE OF 913 SQUARE FEET OF CITY-OWNED PROPERTY LOCATED AT 200 WEST MOUNTAIN AVENUE, RESOLUTION 2008-077
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF 913 SQUARE FEET OF CITY-OWNED
PROPERTY LOCATED AT 200 WEST MOUNTAIN AVENUE, SUITE A,
FOR UP TO TWO YEARS AS PART OF THE ROCKY
MOUNTAIN INNOVATION INITIATIVE ("RMI211) PROGRAM
WHEREAS, the City is the owner of the property legally described as a portion of Lot 2,
Replat Lots 1-49,Block 31,Fort Collins, Colorado and also known as 200 West Mountain Avenue,
Suite A (the"Property"); and
WHEREAS, the City purchased the Property for the Civic Center Master Plan and has not
yet finalized specific plans for the Property; and
WHEREAS, since 1998,the City has supported the efforts of the RMI2 Program, formerly
known as Fort Collins Technology Incubator, and this program has provided critical business
assistance to high tech startup companies in the Fort Collins community; and
WHEREAS,in May 2008,pursuant to Resolution 2008-040,the Council authorized the lease
of a portion of the Property to RMI1 clients; and
WHEREAS, RMI1 and its clients are in need of conference room space in close proximity
to the portion of Property they are currently leasing from the City; and
WHEREAS, approximately 913 square feet of conference room and restroom space is
available for lease on the Property (the "Premises"); and
WHEREAS, the City desires to lease the Premises to RMI= for a term of one year with the
option to renew for one additional year, at a cost for the first year of$7/square foot and for the
second year at a cost of$8/square foot; and
WHEREAS, Section 23-114 of the Code of the City of Fort Collins authorizes the Council
to lease, for a definite term of two years or less, any and all interests in real property owned in the
name of the City, provided that the 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 Council hereby finds that leasing the Premises under the terms listed
above 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 Premises, consistent with the terms of this Resolution, 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, including any necessary changes to the legal
description of the Premises, 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:Z:
e City of Fort Collins this 19th
day of August A.D. 2008.
Mayor '
ATTEST:
City Clerk