HomeMy WebLinkAboutresolution.council.169-17 RESOLUTION # 169
(Series of 2017)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO, APPROVING AN AMENDMENT TO THE LONG-TERM
STEWARDSHIP LEASE AGREEMENT FOR THE COZY POINT RANCH AND
EQUESTRIAN CENTER BETWEEN THE CITY OF ASPEN AND COZY
POINT RANCH LLC AND AUTHORIZING THE CITY MANAGER TO
EXECUTE SAID AMENDMENT TO LEASE ON BEHALF OF THE CITY OF
ASPEN, COLORADO.
WHEREAS, there has been submitted to the City Council a proposed
Amendment to the Long-Term Stewardship Lease Agreement for the Cozy Point
Ranch and Equestrian Center between the City of Aspen and Cozy Point Ranch
LLC, a true and accurate copy of which is attached hereto as Exhibit "A";
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF ASPEN, COLORADO,
That the City Council of the City of Aspen hereby approves the Amendment
to the Long-Tenn Stewardship Lease Agreement for the Cozy Point Ranch and
Equestrian Center between the City of Aspen and Cozy Point Ranch LLC, a copy
of which is annexed hereto and incorporated herein, and does hereby authorize the
City Manager to execute said agreement on behalf of the City of Aspen.
INTRODUCED, READ AND ADOPTED >}y the City Council of the City of
Aspen on the 11`h day of December 2017. <V
Stev Skadr n, Nfayor
I, Linda Manning, duly appointed and acting City Cl rk do certify that the
foregoing is a true and accurate copy of that resolution adopted by the City
Council of the City of Aspen, Colorado, at a meeting held, December 11, 2017.
Linda Manning, City C erk
AMENDMENT AND EXTENSION TO LONG-TERM STEWARDSHIP LEASE
AGREEMENT FOR
THE COZY POINT RANCH EQUESTRIAN CENTER
THIS AMENDMENT AND EXTENSION TO LONG TERM STEWARDSHIP AND
LEASE AGREEMENT entered into at Aspen. Colorado, this j� day of�_r}yf ,Y'2017, by and between the CITY OF ASPEN, COLORADO, a municipal corporation and home-
rule city ("City"), and COZY POINT RANCH, LLC, a Colorado limited liability company
(`Tenant') amends and extends the amended Long-Tenn Stewardship Lease Agreement for the
Cozy Point Ranch and Equestrian Center as follows:
WITNESSETH:
WHEREAS, the City is the owner of the Cory Point Ranch and Equestrian Center in
Pitkin County, Colorado, which property is described on the map attached hereto as Exhibit A
(the"Ranch"),consisting of approximately 32 acres,and
WHEREAS, on or about April 15,2010, the City and Tenant entered into the Long-Term
Stewardship Lease Agreement for the Cory Point Ranch Equestrian Center (hereinafter the
"Lease"); and
WHEREAS, at the time of the entry of the lease Tenant was a Colorado Limited Liability
Company consisting of two members, Monroe Summers and Glenda Summers: and
WHEREAS, following the unexpected and untimely death of Monroe Summers on April
26, 2104,Cozy Point Ranch, LLC was acquired in full by Patricia K. Watson, a former employee
of the Tenant;and
WHEREAS, Patti Watson has experience in equestrian center management and desires to
continue the operation of that part of the prior tenancy and terminate and release the LLC from
obligations to Citv for certain provisions of the previous Lona Tcrm Stewardship Lease
Agreement for the Cozy Point Ranch Equestrian Center; and
WHEREAS, on or about Decemher 12, 2016, the City and Tenant entered into an
Amendment to the Long-Term Stewardship Lease Agreement for the Cozy Point Ranch
Equestrian Center, which amended and extended the agreement to September 30, 2017; and,
WHEREAS, the City and Tenant are desirous of amending and extending the Amended
Long-Term Stewardship Lease Agreement for the Cozy Point Ranch Equestrian Center on the
terms and conditions set forth herein.
NOW. THEREFORE, in consideration of the mutual terms, covenants and conditions
contained'herein,the parties agree as follows:
I. Term. The term of the Lease is hereby extended to February28, 2018. The parties may
extend the term set forth herein for such time and on such terms as the parties may agree at any
time prior to the end of the Lease. Except as amended herein,all terms and conditions of the
Amended Long-Tetra Stewardship Lease Agreement for the Cozy Point Ranch Equestrian
Center shall remain in full force and effect.
2. The premises to which this lease pertains are hereby amended to include that portion of
the Ranch specifically described in Exhibit A. The remainder of the Ranch shall be managed or
leased by the City.
1 Tenant shall provide and allow access to and parking for the parcel reserved by the City
and depicted on Exhibit A for Aspen T.R.E.E., as has been traditionally provided. If the Tenant
and City disagree as to the arca of access or parking, the City shall designate such area,at its sole
discretion, on an amended Exhibit A. In addition,Tenant shall provide access to a bathroom
facility designated by the City for use by Aspen T.R.E.E.and its guests during summer camps .
when the building is open for public use(8:OOam to 51OOpm June, July and August). Aspen
T.R.E.E. or the City shall pay Tenant$150 per month for the maintenance and upkeep of the
bathroom facility related to Aspen T.R.F.E's use of the facility.
4. Paragraph 7. c., of the Amended Long-Term Stewardship Lease Agreement for the Cozy
Point Ranch Equestrian Center is hereby deleted in its entirety.
WHEREFORE, the parties,through their duly authorized representatives, have executed
this Agreement upon the dates as set forth herein.
LESSOR:
THE CITYA SP C O O
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By:
Name: Stephen Barwick
Title: City Manager
ATTEST:
Linda Manning,City Clerk
LESSEE(Tenant):
COZY PQIAI H, LLC
Name: Pa 'cta K. Watson
Title: Manager
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