HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 04/17/2001 - FIRST READING OF ORDINANCE NO. 56, 2001, AUTHORIZI AGENDA ITEM SUMMARY ITEM NUMBER: 19
FORT COLLINS CITY COUNCIL DATE: April 17, 2001
STAFF: Frank Bruno
SUBJECT:
First Reading of Ordinance No. 56, 2001, Authorizing the Long-Term Lease of Property at the
Fort Collins-Loveland Municipal Airport to Cole Smith, dba Signal Construction, for the
Construction of Aircraft Hangars.
RECOMMENDATION:
Staff recommends adoption of the Ordinance on First Reading.
FINANCIAL IMPACT:
The lease will generate $2,377.92 annually in land rents for the Airport for the first five years.
After the fifth year, and every fifth year thereafter through the term of the lease, the rent will
increase (using an equation based on CPIs).
EXECUTIVE SUMMARY:
The Airport Manager has negotiated a lease of property with Cole Smith, dba Signal
Construction, for the construction of aircraft hangars. Cole Smith will construct two hangars
that will provide at least 19,816 square feet of aircraft storage space. At the expiration of the
lease, the improvements revert to the ownership of the Airport.
The construction of the hangars will generate new revenue for the Airport and help meet the
aircraft storage needs of local aircraft owners.
. ORDINANCE NO. 56, 2001
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LONG-TERM LEASE OF PROPERTY AT
THE FORT COLLINS-LOVELAND MUNICIPAL AIRPORT
TO COLE SMITH, dba SIGNAL CONSTRUCTION,
FOR THE CONSTRUCTION OF AIRCRAFT HANGARS
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, the Cities have set aside a portion of the Airport Property for lease to parties
desiring to conduct aeronautical activities and support activities at the airport; 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,Cole Smith,dba Signal Construction,has indicated a desire to lease two parcels
of airport property, described in Exhibit "A", attached hereto and incorporated herein by this
reference, for the construction and maintenance of an aircraft hangar on each Lot.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS, COLORADO, as follows:
Section 1. That the proposed lease of the property described in the attached Exhibit "A"
to Cole Smith, dba Signal Construction, upon the terms of the lease hereafter referenced, is in the
best interests of the City.
Section 2. That the Mayor is hereby authorized to enter into the long term lease of the
property described in Exhibit "A" to Cole Smith, dba Signal Construction, under the terms and
conditions of that certain lease form entitled"Lease Agreement,Cities of Loveland and Fort Collins,
Colorado and Cole Smith,dba Signal Construction" which is on file with the City Clerk of the City
of Fort Collins, Colorado.
Introduced and considered favorably on first reading and ordered published this 17th day of
April, A.D. 2001, and to be presented for final passage on the 1st day of May, A.D. 2001.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 1st day of May, A.D. 2001.
Mayor
ATTEST:
City Clerk
2
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Description xhibit
Proposed Hangar Site Description;
All that portion of the Northeast 1/4 of Section 33, Township 6 North, Range 68 West,
of the 6th P.M., Lorimer County, Colorado more particularly described as follows:
Considering the East line of the Northeast 1/4 of Section 33, Township 6 North, Range
68 West, of the 6th P.M., Lorimer County, Colorado as bearing S 00'31'31" E and with
all bearings contained herein relative thereto.
COMMENCE at the Northeast corner of Section 33, Township 6 North, Range 68 West, of
the 6th P.M., Lorimer County, Colorado; thence run S 00'31 '31 " E along the East line of
the Northeast 1/4 of said Section 33 for a distance of 616.52 feet; thence leaving said
East line run S 89'28'29" W for a distance of 863.16 feet to the POINT OF BEGINNING;
thence run S 70'03'54" W for a distance of 68.00 feet; thence run N 19'56'06" W for a
distance of 122.00 feet; thence run N 70'03'54" E for a distance of 68.00 feet; thence
run S 19'56'06" E for a distance of 122.00 feet to the Point of Beginning.
containing 8,296 square feet more or less.
NOTICE: According to Colorado law you must commence
any legal action based upon any defect in this survey
within three years after you first discover such defect.
In no event, may any action based upon any detect in
this survey be commenced more than ten years (ram
the dole at the certification shown hereon.
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Description Exhibit
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Description E it_
Proposed Hangar Site Description:
All that portion of the Northeast 1/4 of Section 33, Township 6 North, Range 68 West,
of the 6th P.M., Lorimer County, Colorado more particularly described as follows:
Considering the East line of the Northeast 1/4 of Section 33, Township 6 North, Range
68 West, of the 6th P.M., Lorimer County, Colorado as bearing S 00'31 '31" E and with
all bearings contained herein relative thereto.
COMMENCE at the Northeast corner of Section 33, Township 6 North, Range 68 West, of
the 6th P.M., Lorimer County, Colorado; thence run S 00'31'31 " E along the East line of
the Northeast 1/4 of said Section 33 for a distance of 1009.93 feet; thence leaving said
East line run S 89'28'29" W for a distance of 870.85 feet to the POINT OF BEGINNING;
thence run S 70'03'54" W for a distance of 48.00 feet; thence run N 19'56'06" W for a
distance of 240.00 feet; thence run N 70*03*54" E for a distance of 48.00 feet; thence
run S 19'56'06" E for a distance of 240.00 feet to the Point of Beginning.
containing 11 ,520 square feet more or less.
N aTICF, According to Colorado law you must commence
any legal action based upon any defect in this survey
within three years after you first discover such defect.
In no event, may any action based upon any defect in
this survey be commenced more than ten years Irom
the dote of the certification shown hereon.
Dale R e v i s i o n s Field Survey Prepared for: Project#: 98011.023o
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Date 1-19-01 Scale na (970) 669-2100 — FAX (970) 669-3725 n
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