HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 10/03/2000 - FIRST READING OF ORDINANCE NO. 136, 2000 AUTHORIZI AGENDA ITEM SUMMARY ITEM NUMBER: 18
FORT COLLINS CITY COUNCIL DATE: October 3, 2000
STAFF: Frank Bruno
Fred Anderton
SUBJECT:
First Reading of Ordinance No. 136,2000 Authorizing the Long-term Lease of Property at the Fort
Collins-Loveland Municipal Airport to Dennis Wyatt for the Construction of an Aircraft Hangar.
I RECOMMENDATION:
Staff recommends adoption of the Ordinance on First Reading.
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�INANCIAL IMPACT:
The lease will generate,in land rents for the Airport,$396 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).
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EXECUTIVE SUMMARY:
The Airport Manager has negotiated a lease of property for the construction of an aircraft hangar.
The hangar will provide at least 2,300 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 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.
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• ORDINANCE NO. 136, 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 DENNIS WYATT
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 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, Dennis Wyatt 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 Dennis Wyatt, 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 Dennis Wyatt under the terms and conditions of that certain lease form entitled"Lease Agreement,
Cities of Loveland and Fort Collins, Colorado and Dennis Wyatt' which is 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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Pr"eosed 14-1,11 Site D tl a
All that or the Northeast t a
a of Section 33, Township 6 North, Range 68 West, of
the P.M.. L 61h P.N., Lorimer County, Color more particularly described as follows: S
o s V
Considering the East line of the Northeast 1/4 of Section 33. Township 6 North, Range Point of Commencement N
68 West, of the 61h P.N., Lorimar County, Colorado as bearing S 00'3t'31' E and with NE Caner 33-TON a ,of SectionI 3 ell bearings contained herein relative Menlo.
N the BMN PEN.' Lorimar County oColorado; thence mer Of Section Srue S 00'31'31" E along the3 owship 6 North, Range6Easteline of 2
East tine
the Northeast I/a Of told Section 33 for a distance of 1928.77 leek thence Iadong said
run S 89'28'29- W for a distance of 738.54 feat to the POINT OF BEGINNING;
thence run S 70'19'30' W for a distance of 60.00 fast; thence run N 19'40'30- W for a
distance of 55.00 feel; thence run N 70'19'30' E for o distance of 60.00 feel; thence a a P
run S 19'40'30' E for distance of 53.00
Containing 3300 square feet to the Point o/ Beginning.
feet more or lase. I• y-"'eS
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East line of NE-1/4 of Section 33 to r
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site 4 93pv PoINT OF BEGINNING
20.00'
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