HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 10/17/2000 - SECOND READING OF ORDINANCE NO. 134, 2000 ,AUTHORI AGENDA ITEM SUMMARY ITEM NUMBER: 10
DATE: October 1.7, 2000
FORT COLLINS CITY COUNCIL STAFF: Frank Bruno
Fred Anderton
SUBJECT:
Second Reading of Ordinance No. 134, 2000, Authorizing the Long-term Lease of Property at the
Fort Collins-Loveland Municipal Airport to Kent L. Norwood for the Construction of Aircraft
Hangars.
RECOMMENDATION:
Staff recommends adoption of the Ordinance on Second Reading.
EXECUTIVE SUMMARY:
The Airport Manager has negotiated a lease of property for the construction of aircraft hangars. The
hangars will provide at least 4,000 square feet of aircraft storage space. At the expiration of the
leases, the improvements revert to the ownership of the Airport. Ordinance No. 134, 2000, was
unanimously adopted on First Reading on October 3, 2000.
ITEM NUMBER: 16
AGENDA ITEM SUMMARY
DATE: October 3, 2000
FORT COLLINS CITY COUNCIL Frank Bruno
STAFF: Fred Anderton
SUBJECT:
First Reading of Ordinance No. 134,2000 Authorizing the Long-term Lease of Property at the Fort
Collins-Loveland Municipal Airport to Kent L.Norwood for the Construction of Aircraft Hangars.
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RECOMMENDATION:
Staff recommends adoption o e Ordi ce o PtReay
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FINANCIAL IMPACT:
The two leases will generate, in land rents for the Airport, $483.72 annually for the first five years.
After the fifth year,and every fif!,WQ t he lease,the rent will increase
(using an equation based onUOPY
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EXECUTIVE SUMMARY:
The Airport Manager has negotiated a lease of property for the construction of aircraft hangars. The
hangars will provide at least 4,000 square feet of aircraft storage space. At the expiration of the i
leases, the improvements reve o r o rt.
The construction of the hang ill gen to n r enue for t Airport and help meet the aircraft
storage needs of local aircraft o
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Because of their length, the leases are on file with the City Clerk's Office.