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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 10/03/2000 - FIRST READING OF ORDINANCE NO. 135, 2000 AUTHORIZI AGENDA ITEM SUMMARY ITEM NUMBER: 17 FORT COLLINS CITY COUNCIL DATE: October 3, 2000 STAFF: Frank Bruno 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. a RECOMMENDATION: Staff recommends adoption of the Ordinance on First Reading. f B . �INANCIAL IMPACT: The lease will generate,in land rents for the Airport,$588 annually 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: a r 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. 4 The construction of the hangar will generate new revenue for the Airport and help meet the aircraft storage needs of local aircraft owners. Because of its length, the lease is on file with the City Clerk's Office. .L { 4 2 ✓4 ORDINANCE NO. 135, 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 JAMES SEILBACH FOR THE CONSTRUCTION OF AN AIRCRAFT HANGAR 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, 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, James Seilbach has indicated a desire to lease a portion of airport property, described in the attached Exhibit "A" and hereinafter referred to below as the "Lot', for the construction and maintenance of an aircraft hangar. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the proposed lease of the Lot to James Seilbach, 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 a long term lease of the Lot to James Seilbach under the terns and conditions of that certain lease form entitled "Lease Agreement,Cities of Loveland and Fort Collins,Colorado and James Seilbach"which is on file with the City Clerk of the City of Fort Collins, Colorado. 1 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 2 Deseripti & Exhibit n rod d H '1 D I' - a All I6n potion of the County. C t1/a of Section 33. 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Conloming 4900 square leaf more or less. �0,0�0' in N -10 00 r � ulm OEdtl line of NE-1/e °1 Section 33 �C pIODPsed Z harsgar site F - R O — > O O, O, p S 119'28'19" w > 0 p0 653 S2 in Pjn9soea 9,30' 'R MINT OF BEGINNING (Q s is/ 90"i -opdzea / \ 20.00' \ I m a 9a i / ne 'f���jYpgp^r{�dd1I1 NOTE. This is "t a Maeumanted land survey �,j HD.t. P e v nsPrepmea tor 96011 01)I Oily 49 A<eoming to [aiorodo y et. messcommenc art^ "ief .thin in ee<tion poses coon any aelen .n Ibis survey :< Fort Collim/Loveland Municipal Airport t years alter you Iesl arsaover such detect amaulea py In no event, may any action based upon any delett ;n ro.n a Frederick Lend Surveying �Ls1 Date )-- :Ns survey be commenced more than ten years 1,0m r t528 Gann CKaln avenue - Suite 2 M ,9-Ci the data of the cenificah°n Arvin hereon. JRu Ld.elana. Colorado aO538 669-2100 - rAX (970) 669-3725 n x A