HomeMy WebLinkAboutFORT COLLINS HOUSING AUTHORITY PUD EXPANSION - FINAL - 28-89D - CORRESPONDENCE - LEGAL DOCUMENTSCitv of Fort Collins
Colounity Planning and Environmee Services
Office of the Director
X
NIENIOIANDUM
Date: January 5, 1995
Flom Greg Byrne, Director
To: Shelly Stephens, Executive Director
Subject: ADDENDUM TO LEASE AGREEMENT
I have enclosed an addendum to the lease agreement between the City and the
Housing Authority that reflects my understanding of the instructions of the City
Council at the recent appeal.
After your review, if you see the need for any changes to the addendum, please
give me a call and we can review them.
If not, please execute both copies. I'll see that a fully executed copy is returned
to you for your records.
If you'd like any City staff representation at a meeting of your Board, please let
me know. We'd be happy to attend.
281 N. College Avenue • P.O. Box 580 • Fort Collins, CO 80522-0580 • (303) 221-6601 • FAX: (303) 221-63/ 8
ADDENDUM TO LEASE AGREEMENT
THIS ADDENDUM is made and entered into this day of
, A.D., 199 1 by and between THE CITY OF FORT
COLLINS, COLORADO, a municipal corporation, hereinafter referred to
as "the City", and THE HOUSING AUTHORITY OF THE CITY OF FORT
COLLINS, a housing authority formed pursuant to Article 4 of
Chapter 29, C.R.S., as amended, hereinafter referred to as "the
Authority."
W I T N E S S E T H:
WHEREAS, the City and the Authority entered into a Lease
Agreement dated May 2, 1974, ("the 1974 Lease") concerning the
City's lease to the Authority of land owned by the City and used by
the Authority for the construction of its administrative
headquarters; and
WHEREAS, the City and the Authority entered into a Lease
Agreement dated January 4, 1977, also concerning the City's lease
of real property to the Authority for the construction of the
Authority's administrative headquarters ("the 1977 Lease"); and
WHEREAS, the 1977 Lease superseded and replaced the 1974
Lease; and
WHEREAS, the Authority constructed its administrative
headquarters on the leased property; and
WHEREAS, the Authority intends to expand its administrative
headquarters by the construction of new improvements on the
property with said new improvements and the existing administrative
headquarters shown on Exhibit "A" which is attached hereto and
incorporated herein by this reference; and
WHEREAS, the parties wish to modify the 1977 Lease to preclude
the construction of any improvements on the leased property, other
than the improvements shown on Exhibit "A11.
NOW, THEREFORE, in consideration of One Dollar ($1.00), and
other good and valuable consideration, the receipt and adequacy of
which is hereby acknowledged, the parties agree to modify the 1977
Lease as follows:
1. The Authority agrees not to construct any improvements
upon the leased property, except those improvements shown on
Exhibit A to this Addendum to Lease Agreement.
2. The 1977 Lease shall remain in full force and effect as
modified by this Addendum to Lease Agreement.
IN WITNESS WHEREOF, the parties hereto have caused this
Addendum to Lease Agreement to be signed the day and year first
above written.
ATTEST:
City Clerk
THE CITY OF FORT COLLINS, COLORADO
By:
Interim City Manager
2
By:
ATTEST:
City Clerk
THE FORT COLLINS HOUSING AUTHORITY
3
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