File #: ID-407-22    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 11/10/2022 In control: City Council
On agenda: 12/6/2022 Final action:
Title: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BRIGHTON, COLORADO, APPROVING LEASE AGREEMENTS WITH ALMOST HOME, AMERICAN HIGHLAND CATTLE ASSOCIATION, ROCKY MOUNTAIN QUARTER HORSE ASSOCIATION, COLORADO HORSE COUNCIL, AND COLORADO THOROUGHBRED BREEDERS FOR CITY-OWNED REAL PROPERTY LOCATED AT 22 SOUTH 4TH AVENUE (THE “HISTORIC CITY HALL”), AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAID LEASE AGREEMENTS ON BEHALF OF THE CITY
Attachments: 1. 2023 HCH Lease Resolution, 2. Brighton Housing Authority Lease 2023, 3. Colorado Horse Council Lease 2023, 4. Colorado Thoroughbred Breeders Association Lease 2023, 5. Rocky Mountain Qtr Horse Association Lease 2023, 6. Almost Home Lease 2023, 7. American Highland Cattle Lease 2023
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Department of Finance

Reference:                      Resolution Approving Tenant Leases at Historic City Hall

 

To:                                                               Mayor Gregory Mills and Members of City Council

Through:                                          Michael P. Martinez, City Manager

Prepared By:                                          Catrina Asher, Finance Director

Date Prepared:                     December 6, 2022

PURPOSE

 

The City currently leases office space in the Historic City Hall, located at 22 South 4th Avenue, to 6 different non-profit organizations. Staff is requesting that the lease agreements with the current tenants be renewed for the 2023 calendar year.

 

STRATEGIC FOCUS AREA

 

Financially Responsible

Strong Regional Relationships and Partnerships

 

BACKGROUND

 

The City owns Historic City Hall, located at 22 South 4th Street, and has been leasing space in this building to nonprofit organizations since 2011. There are currently six nonprofit organizations using space at Historic City Hall, including Almost Home, American Highland Cattle Association, Rocky Mountain Quarter Horse Association, Colorado Horse Council, and Colorado Thoroughbred Breeders.

 

The lease agreements for 2023 include increases to rental rates, though rental rates remain well below the market value of comparable square footage. The lease agreements also contain language for a 90 day notice to vacate, allowing the City and the tenants flexibility. The leases have historically been brought to council annually. The Resolution allows for the City to renew the leases, and if there are no changes, next year these may be renewed administratively.

 

FINANCIAL IMPACT

These leases will generate revenue totalling $86,968 during 2023. This revenue helps to defray the cost of utilities and general maintenance of the building. These leases also provide reasonably priced office space for local nonprofit organizations that serve the Brighton community.

 

STAFF RECOMMENDATION

 

Staff is recommending approval of the attached resolution allowing the City to execute leases with the nonprofit organizations for 2023.

 

OPTIONS FOR COUNCIL CONSIDERATION

 

•                     Approve the resolution as presented

•                     Reject the resolution

•                     Request additional information

ATTACHMENTS

 

•                     Proposed Resolution

•                     Almost Home Lease Agreement

•                     American Highland Cattle Association Lease Agreement

•                     Brighton Housing Authority Lease Agreement

•                     Colorado Horse Council Lease Agreement

•                     Colorado Thoroughbred Breeders Lease Agreement

•                     Rocky Mountain Quarter Horse Association Lease Agreement