HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 10/07/2003 - FIRST READING OF ORDINANCE NO. 140, 2003 AUTHORIZI AGENDA ITEM SUMMARY ITEM NUMBER: 23
FORT COLLINS CITY COUNCIL DATE: October 7, 2003
STAFF: Dave Gordon
SUBJECT:
First Reading of Ordinance No. 140, 2003, Authorizing the Lease of Property at the Fort Collins-
Loveland Municipal Airport to Alliance Equipment Company,LLC,for the Storage of Construction
Equipment and Supplies.
RECOMMENDATION:
Staff recommends adoption of the Ordinance on First Reading.
FINANCIAL IMPACT:
The Lease will generate $5,227 annually. There are no City expenses associated with this lease.
EXECUTIVE SUMMARY:
Alliance Equipment Company, LLC, wishes to lease two acres of Airport property for outdoor
storage of construction equipment and supplies. The Agreement is for a three-year period,beginning
November 1,2003. The ground lease is$.06 per square foot per year. The lease contains adequate
restrictions to prevent any incompatible land use related to Airport operations. The Agreement will
provide a new revenue source for the Airport. The Airport has no financial obligations under this
Agreement.
ORDINANCE NO. 140, 2003
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF PROPERTY AT
THE FORT COLLINS-LOVELAND MUNICIPAL AIRPORT TO
ALLIANCE EQUIPMENT COMPANY,LLC, FOR THE
STORAGE OF CONSTRUCTION EQUIPMENT AND SUPPLIES
WHEREAS,the Cities of Fort Collins and Loveland(the"Cities")jointly own and manage
certain real property in Larimer County that is the site of the Fort Collins-Loveland Municipal
Airport (the "Airport Property"); and
WHEREAS,pursuant to Section 23-111 of the Code of the City of Fort Collins,the Council
is authorized to lease any and all interests in real property owned in the name of the City, provided
that Council first finds that the lease is in the best interests of the City; and
WHEREAS, the Intergovernmental Agreement for the Joint Operation of the Fort Collins-
Loveland Municipal Airport between the Cities specifically recognizes the leasing of Airport
Property as a valid use of the jointly owned Airport Property; and
WHEREAS, Alliance Equipment Company, LLC, has indicated a desire to lease a portion
of airport property,described in the attached Exhibit"A",for the storage of construction equipment
and supplies.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the proposed lease of the property described in the attached Exhibit "A"
to Alliance Equipment Company, LLC, upon the terms of the lease hereafter referenced, is in the
best interests of the City.
Section 2. That the City Manager is hereby authorized to enter into the lease of the
property described in Exhibit A to Alliance Equipment Company,LLC, , in substantially the form
entitled"Ground Lease Agreement' which is on file with the City Clerk of the City of Fort Collins,
Colorado, subject to such modifications in form or substance as the City Manager, in consultation
with the City Attorney,may deem necessary to effectuate the purposes of this Ordinance or to protect
the interests of the City.
Introduced and considered favorably on first reading and ordered published this 7th day of
October, A.D. 2003, and to be presented for final passage on the 21st day of October, A.D. 2003,
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 21st day of October, A.D. 2003.
Mayor
ATTEST:
City Clerk
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EXHIBIT A, page 1 of 2
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EMBIT A, page 2 of 2
Description Exhibit
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of Lad"r,
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