HomeMy WebLinkAbout2009-072-07/21/2009-AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY LOCATED AT 212 WEST MOUNTAIN AVENUE FOR UP TO TWO YEARS RESOLUTION 2009-072
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY LOCATED
AT 212 WEST MOUNTAIN AVENUE FOR UP TO TWO YEARS AS PART
OF THE ROCKY MOUNTAIN INNOVATION INITIATIVE PROGRAM
WHEREAS, the City is the owner of the property located at 212 West Mountain Avenue,
Fort Collins, Larimer County, Colorado (the "Property"); and
WHEREAS, this Property was purchased as part of the Block 31 purchases and there is
currently not a City need identified for this Property; and
WHEREAS, since 1998, the City has supported the efforts of the Rocky Mountain
Innovation Initiative ("RM12") program and this program has provided critical business assistance
to high tech startup companies in the Fort Collins community; and
WHEREAS, the RMI2 program will benefit the City by replacing primary jobs lost by
citizens, increasing the economy in the downtown area, and enhancing the sales tax base; and
WHEREAS, the City received a proposal from RM12 in March 2004 to increase the service
it provides to high tech startup companies by offering below market lease space to their client
companies; and
WHEREAS,since 2004, RM12 and their client companies have leased office space from the
City, located at 200 West Mountain Avenue, Suites A and C, and 321 Maple Street; and
WHEREAS, the City desires to lease the Property to clients selected by RM12 for a term of
one year, with the option'to renew for an 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,under Section 23-114 of the City Code, the City Council is authorized to lease
any and all interests in real property owned in the name of the City, provided that City Council first
finds 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 under the terms
listed above is in the best interests of the City.
Section 2. That the City Manager is hereby authorized to execute such lease agreements
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, determines to be
necessary and appropriate to protect the interests of the City.
Passed and adopted at a regular meeting of the Cou of the City of Fort Collins this 21 st
day of July A.D. 2009. - 4�
G/G�
J
Mayor
ATTEST:
City Clerk
J
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