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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 10/21/2003 - SECOND READING OF ORDINANCE NO. 140, 2003, AUTHORI ITEM NUMBER: 15 AGENDA ITEM SUMMARY DATE: October 21, 2003 FORT COLLINS CITY COUNCIL STAFF: Dave Gordon SUBJECT Second 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 Second Reading. 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 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. Ordinance No. 140, 2003, was unanimously adopted on First Reading on October 7, 2003. 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 Latimer 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 A ST: 0 City Clerk Passed and adopted on final reading this 21st day of October, A.D. 2003. Mayor ATTEST: City Clerk 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 o CeOrdi oceoPtReadjin FINANCIAL IMPACT: The Lease will generate $5,227 annually. There are no City expenses associated with this lease. COPY 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 s(nd pe sq aro rear. The lease contains adequate restrictions to prevent any inc patible us 1 ed Ai operations. The Agreement will provide a new revenue source ' r the Airpyort. e iiport has no financial obligations under this Agreement.