HomeMy WebLinkAbout1979-072-08/07/1979-AUTHORIZING THE CITY TO ENTER INTO A LEASE AGREEMENT WITH ALBERT M FREEMAN FOR PROPERTY ADJACENT TO RESOLUTION NO 79-72
OF THE COUNCIL OF THE CITY OF
FORT COLLINS AUTHORIZING THE CITY
110 ENTER INTO A LEASE ACIZEE ]T
WITH ALBERT M F 4AN FOR PROPERTY
ADJACENT TO THE EQUIPMENT REPAIR FACILITY
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows
Section 1 That the Lease Agreement, a true copy of which is attached
hereto as Exhibit "A," be, and it hereby is, approved
Section 2 That the City Manager be, and he hereby is, authorized and
directed to execute said agreement on behalf of the City of Fort Collins
Passed and adopted at regular meeting this 7th day of August, A D
Mayor
ATI'FST
Ci y Clerk / '
LEASE AGREEMENT
THIS INDENTURE OF LEASE is made and entered into this 7th day
of August, 1979, by and between Albert M Freeman, hereinafter
sometimes designated as "landlord", and THE CITY OF FORT COLLINS,
COLORADO, a municipal corporation, hereinafter sometimes designated
as "Tenant"
WITNESSETH
In consideration of the payment of rent and the keeping and per-
formance of the covenants and agreements herein contained, the Land-
lord hereby leases unto the fenant the property described on Exhibit
A attached hereto and by this reference made a part hereof
TERMS OF LEASE
1 Rental As rental for the leased premises for the full term
aforesaid, Tenant agrees to pay to landlord the sum of Two Thousand
Four Hundred Dollars ($2,400 00) in monthly installments of Four
Hundred Dollars ($400 00) payable to Landlord, in advance, on or
before 12 00 Noon of the 20th day of each calendar month during the
term of this lease at such place as landlord may designate, with-
out notice
2 Term of Lease The term of this lease shall be six (6) months
commencing at 12 00 Noon on the 15th day of August, 1979, and ending
at 12 00 Noon at the 15th day of February, 1980 Landlord agrees to a
one month extension of lease, if needed by Tenant Tenant shall
inform landlord of needed extension at least thirty (30) days prior
to expiration of lease
3 Utilities Tenant agrees to pay all costs of utility
service to the leased premises during the term of this lease If
any utilities are not, now separately metered to the leased
premises, Landlord agrees to supply such separate metering
4 Insurance and Taxes
A Landlord shall pay all taxes assessed against the
sub3ect premises, and the Tenant shall have no liability for the
same
B Landlord shall also pay all insurance costs with
relation to the improvements on the premises belonging to Landlord
to the extent Landlord desires to insure the same Tenant shall be
responsible for any of Tenant's property on the premises during
the term of the lease Neither the Landlord nor the Tenant shall
be liable to the other for any loss or damage to property growing out
of or connected with the Tenant's use and occupation of the leased
premises or the condition thereof, whether or not caused by the
negligence or other fault of the Landlord or the Tenant or their
respective agents, employees and invitees This release shall apply
only to the extent that loss or damage to property is covered by
insurance Nothing in this paragraph shall be construed to impose
any other or greater liability upon either the Landlord or the Tenant
than would have existed in the absence of this paragraph This re-
lease shall be in effect only so long as the applicable insurance
policies carried by the parties contain a clause to the effect that
this release shall not affect the right of the insured to recover
under such policies Such clause shall be obtained by the parties
in their insurance policies to the extent possible, and each party
(2)
agrees to use its best efforts to obtain this insurance clause on its
insurance
5 Maintenance Tenant shall pay for all costs for general
maintenance of the leased premises and at the expiration of this
lease shall return the premises to the Landlord in the same condition
as at the beginning of this lease, ordinary wear and tear and damage
by the elements or fire or other casualty only excepted Landlord
shall not have an obligation to make major structural repairs to
any portion of the premises
6 Alteration Tenant shall make no structural alteration to
any of the improvements on the premises without the prior written
consent of the Landlord
7 Termination At the termination of this lease Tenant
agrees to vacate the premises and return them to the Landlord If
Tenant has installed any personal property on the premises, Tenant
shall have the right to remove the same but shall restore the premises
to their original condition and repair any damage caused by the removal
of such personal property
8 Inurement This lease shall inure to the benefit of and be
binding upon the parties hereto, their successors and assigns
IN WITNESS WHEPBOF, the parties hereto have signed this agreement
the day and year first hereinabove written
LANDLORD ALBERT M FREEMAN
ATTEST
By
Secretary President
TENANT THE CITY OF FORT COLLINS, COLORADO
ATTEST
By
City Clerk
(3)
EXHIBIT A
Description of Premises
That portion of the property adjoining the existing Service
Center of the City of Fort Collins located on North Wood
Street, consisting of two (2) metal buildings at the rear of
the premises and the land which extends from the west side
of the most westerly building the full width of the premises
of the Landlord to the adjoining City property on the east,
together with the existing gasoline storage tanks and pumps
and the existing air compressor now on said premises
Access to the leased premises shall be from the City's
Service Center facility and shall not be across the western
portion of the Landlord's property