HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 05/06/1999 - FIRST READING OF ORDINANCE NO. 74, 1999, AUTHORIZI AGENDA ITEM SUMMARY ITEM NUMBER: 24
DATE: May 4, 1999
FORT COLLINS CITY COUNCIL STAFF
• Fred Anderton
SUBJECT:
First Reading of Ordinance No. 74, 1999,Authorizing the Long-Term Lease of Property at the Fort
Collins-Loveland Municipal Airport to James Grubbs for the Construction of an Aircraft Hangar.
RECOMMENDATION:
Staff recommends adoption of the Ordinance on First Reading.
FINANCIAL IMPACT:
The lease will generate,in land rents for the airport,$288 annually for the first five years. After the
fifth,and every fifth year thereafter through the term of the lease(twenty-five),the rent will increase
(using an equation based on the inflation rate established by the Denver-Boulder Consumer Price
Index).
EXECUTIVE SUMMARY:
The Airport Manager has negotiated a twenty-five year lease of property with James Grubbs,for the
construction of an aircraft hangar. James Grubbs will construct a hangar that will provide at least
2,000 square feet of aircraft storage space. At the expiration of the lease,the improvements revert
to the ownership of the Cities.
The construction of the hangar will generate new revenue for the Airport and help meet the aircraft
storage needs of local aircraft owners.
9
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ORDINANCE NO. 74, 1999
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 GRUBBS 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, James Grubbs has indicated a desire to lease a portion of airport property,
described as follows and hereinafter referred to below as "the Lot", for the construction and
maintenance of an aircraft hangar:
Hangar Site:
A portion of the Northeast''/<of Section 33,Township 6 North,Range 68 West of the
6th Principal Meridian, Larimer County, Colorado more particularly described as
follows:
Considering the East line ofthe Northeast''/<of Section 33,Township 6 North,Range
68 West of the 6th Principal Meridian,Larimer County,Colorado as defined by a'/<
inch iron rod with a 3 inch brass cap marked PLS 13446 at the Northeast corner of
said Section 33 and a'/o inch iron rod with 2 inch aluminum cap marked PLS 11989
at the East '/4 corner of said Section 33, as bearing S 00' 31' 31" E and with all
bearings contained herein relative thereto.
Commencing at the Northeast corner of Section 33, Township 6 North, Range 68
West of the 6th Principal Meridian,Larimer County,Colorado;thence run S 00'31'
31" E along the East line of the Northeast '/4 of said Section 33 for a distance of
1,984.86 feet; thence leaving said East line run S 89' 28'29" W for a distance of
899.39 feet to the true POINT OF BEGINNING; thence run S 70' 19' 30" W for a
• distance of 60.00 feet; thence run N 19' 40' 27" W for a distance of 40.00 feet;
thence run N 70' 19' 30" E for a distance of 60.00 feet; thence run S 19' 40' 27" E
for a distance of 40.00 feet to the true Point of Beginning. Containing 2,400 square
feet or 0.06 acres more or less.
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 Grubbs 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 Grubbs under the terms and conditions of that certain lease form entitled "Lease
Agreement,Cities of Loveland and Fort Collins,Colorado and James Grubbs"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 4th day of
May, A.D. 1999, and to be presented for final passage on the 18th day of May, A.D. 1999.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 18th day of May, A.D. 1999.
Mayor
ATTEST:
City Clerk