City of Boulder 2D -- Permit City Lease up to Forty Years

This would allow a 2/3 vote of all city council members to grant a lease of 40 years rather than the current maximum of 20 years on city-owned property, e.g. Dairy Center for the Arts. (This measure was on the ballot in 2007 and was defeated 61% to 39%.)

Recommendation: for
The city’s four major facilities – Chautauqua, BMoCA, The Dairy Center for the Arts and A Spice of Life – feel stymied in fundraising campaigns by the 20-year limit. The city staff recommended that the maximum lease be set at 30 years, but the city council chose 40 years for the ballot measure. I support providing stability for valuable, established institutions, but the city should make sure that the lease contract allows the city to adjust the lease regularly so we get a fair market rate.

Ballot Question No. 2D (Approved Ballot Language)

Permit City Lease Up To Forty Years

Shall Section 111 of the charter be amended pursuant to Ordinance No. 7604 to allow the city to grant a lease of streets or public places or property for a period of up to forty years (rather than the current maximum of twenty years) upon approval by a two-thirds vote of all council members?

For the Measure ____ Against the Measure ____


See Section 111.
http://www.colocode.com/boulder2/charter_articleVIII.htm