Title
A Resolution approving the revision to Chapter 10 of The City of Colorado Springs Procedure Manual for the Acquisition and Disposition of Real Property Interests with respect to removing the revocability of leases.
Legislative
Body
From:
Ronn Carlentine, Real Estate Services
Summary:
The proposed Resolution, if adopted, approves the revision to Chapter 10 of The City of Colorado Springs Procedure Manual for the Acquisition and Disposition of Real Property Interests ("RES Manual") to remove the revocability of leases. The removal of revocability in leases will recognize the definition of a lease, and will bring the City's leasing practice in-line with other public and private leasing efforts.
Previous Council Action:
Upon direction from City Council, from 2006 to 2007 the Real Estate Services Division, with the assistance of the Office of the City Attorney and a committee of stakeholders representing Colorado Springs Utilities, Memorial Health System, and other City staff worked together to create a blueprint and policy manual for the acquisition and disposition of real property interests by the City. To accomplish its goal, the Committee utilized the City Charter, City Code, State and Federal Regulations, Colorado Department of Transportation Manual Chapter 8, and the City's previous Real Estate Manual. The adoption of the RES Manual and City Code section 7.7.1803 requiring compliance therewith resulted from the process.
The City has utilized and complied with the RES Manual for many significant public projects, as well as all real estate projects managed on a daily basis by the Real Estate Services Division. The RES Manual has proven to be a valuable resource that provides specific instructions to staff and the public regarding the acquisition and disposition of real property interests and assures compliance with the City's adopted real estate processes.
Background:
When the RES Manual was adopted, City Counci...
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