HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 10/17/2000 - SECOND READING OF ORDINANCE NO. 135, 2000, AUTHORI AGENDA ITEM SUMMARY ITEM NUMBER: 11
DATE: October 17, 2000
FORT COLLINS CITY COUNCIL STAFF: Frank Bruno
Fred Anderton
SUBJECT:
Second Reading of Ordinance No. 135, 2000, Authorizing the Long-term Lease of Property at the
Fort Collins-Loveland Municipal Airport to James Seilbach for the Construction of an Aircraft
Hangar.
I
RECOMMENDATION:
Staff recommends adoption of the Ordinance on Second Reading.
i
EXECUTIVE SUMMARY:
i
The Airport Manager has negotiated a lease of property for the construction of an aircraft hangar.
The hangar will provide at least 3,500 square feet of aircraft storage space. At the expiration of the
lease, the improvements revert to the ownership of the Airport. Ordinance No. 135, 2000, was
unanimously adopted on First Reading on October 3, 2000.
AGENDA ITEM SUMMARY ITEM NUMBER: 17
DATE: October 3, 2000
FORT COLLINS CITY COUNCIL Frank Bruno
STAFF: Fred Anderton
SUBJECT:
First Reading of Ordinance No. 135,2000 Authorizing the Long-term Lease of Property at the Fort
Collins-Loveland Municipal Airport to James Seilbach for the Construction of an Aircraft Hangar.
RECOMMENDATION:
Staff recommends adoption o(e0"rdijce o PtRez din
FINANCIAL IMPACT:
The lease will generate,inland rents for the Airport,$588 annually for the first five years. After the
fifth year, and every fifth year th r h t e lease,the rent will increase(using
an equation based on CPIs).
I P y
EXECUTIVE SUMMARY:
The Airport Manager has negotiated a lease of property for the construction of an aircraft hangar.
The hangar will provide at least 3,500 square feet of aircraft storage space. At the expiration of the
lease, the improvements revert w s o
The construction of the hanga ill gen to ne re nue fort Airport and help meet the aircraft
storage needs of local aircraft o
Because of its length, the lease is on file with the City Clerk's Office.
I
1