HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 10/03/2000 - FIRST READING OF ORDINANCE NO. 134, 2000 AUTHORIZI AGENDA ITEM SUMMARY ITEM NUMBER: 16
October 3, 2000
FORT COLLINS CITY COUNCIL DATE: 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 of the Ordinance on First Reading.
FINANCIAL IMPACT:
The two leases will generate, in land rents for the Airport, $483.72 annually for the first five years.
a 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 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.
The construction of the hangars will generate new revenue for the Airport and help meet the aircraft
storage needs of local aircraft owners.
Because of their length, the leases are on file with the City Clerk's Office.
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• ORDINANCE NO. 134, 2000
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LONG-TERM LEASE OF PROPERTY AT
THE FORT COLLINS-LOVELAND MUNICIPAL AIRPORT
TO KENT L. NORWOOD
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 23-114 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, Kent L. Norwood has indicated a desire to lease two portions of airport
property,described in the attached Exhibit"A",and hereinafter referred to below as"Lots A and B",
respectively, 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 as follows:
Section 1. That the proposed lease of Lots A and B to Kent L.Norwood,upon the terms
of the leases 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 Lots
A and B to Kent L. Norwood under the terms and conditions of the certain lease forms entitled
"Lease Agreement,Cities of Loveland and Fort Collins,Colorado and Kent L.Norwood"which are
on file with the City Clerk of the City of Fort Collins, Colorado.
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Introduced, considered favorably on first reading, and ordered published this 3rd day of
October, A.D. and to be presented for final passage on the 17th day of October, A.D. 2000.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 17th day of October, A.D. 2000.
Mayor
ATTEST:
City Clerk
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Descripti* Exhibit
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All that POAIen of the Northeast 1/4 of Section 33. Township 6 North, Range 66 Wes, of
the 6th P.N., Lorimar County, Cofnrade more Particularly dsscribed as follows;
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all boarinps eenlolnstl herein ,lative Iherela. Pu�
COMMERCE Northeast
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dlsfanc, of 50.00 feet; thence run N 69'52'50' E for a distance of 40.37 fool; thenct la $
run S 20'07'10' E for a distance of 50.00 last to the Point of Beginning.
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Description Exhibit
Pro eesed Menear Site DeeMeliene
AN that Perils of Me Northeast 1/4 of Section 33. Township 6 North, Range 65 West, of
the 61h P.Y.• arimsr County, Colorado mom particularly described as follows:
Pule of CemmsneemaM C
Consldodng the fad fine of Vw Northeast 1/4 of Section 33. Township 6 North, Range ME Comer of Sutton
66 West, of the 6th P.Y., Lorimar County, Colorado as bearing S 00.31'31• E and with 33-TIN-RBOM-OPM�
all bearings eontalnsd herein mlall" Memlo.
COMMENCE at the Northeast "mar of Section 33, Township 6 North, Range 68 West, of
the SO, P.M., Lorimar County, Colorado; Nuance run 5 00'31'31' E along the East Ilae of '
the Northeast 1/4 of sold Section 33 for a distance of 1308.66 fed; thence leodng sold
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thence run 5 69.52'50' W for a distance of 40.25 fact; theft* run N 20-07*10" W for a
distance of 50.00 lost; thsnss ran N 69.52'S0' E for a distance of 40.25 feet: thence
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