HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 05/18/1999 - SECOND READING OF ORDINANCE NO. 72, 1999, AUTHORIZ rW c ..; ..w1�'-� st.: ., Y¢'t "' s7,^"h ?.';?vim,, ate. •. ,. „ ,.
AGENDA ITEM SUMMARY ITEM NUMBER: 9
DATE: May 18, 1999
FORT COLLINS CITY COUNCIL STAFF:
Fred Anderton
SUBJECT:
Second Reading of Ordinance No. 72, 1999, Authorizing the Long-Term Lease of Property at the
Fort Collins-Loveland Municipal Airport to Lon Carlson for the Construction of an Aircraft Hangar.
RECOMMENDATION:
Staff recommends adoption of the Ordinance on Second Reading.
i
EXECUTIVE SUMMARY:
The Airport Manager has negotiated a twenty-five year lease of property with Lon Carlson, for the
construction of an aircraft hangar. Lon Carlson 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
4 g P P � P
to the ownership of the Cities. Ordinance No. 72, 1999,was unanimously adopted on First Reading {
on May 4, 1999. i
1
I
I
I
I
AGENDA ITEM SUMMARY ITEM NUMBER: 22
DATE: May 4, 1999
FORT COLLINS CITY COUNCIL
STAFF: Fred Anderton
SUBJECT:
First Reading of Ordinance No. 72, 1999,Authorizing the Long-Term Lease of Property at the Fort
Collins-Loveland Municipal Airport to Lon Carlson for the Construction of an Aircraft Hangar.
RECOMMENDATION:
Staff recommends adoption oflhe Ordinance on Fist Reading
FINANCIAL IMPACT:
The lease will generate,in land rents for the airport,$300 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 theyinllation ate established by�he Denver-Boulder Consumer Price
Index)• _� . .
s`
EXECUTIVE SUMMARY:
The Airport Manager has negotiated a twenty-five year lease of property with Lon Carlson,for the
construction of an aircraft hangar—Lon Carlson will constrict a-hangar that will provide at least
2.000 square feet of aircraft storage space. At the e rr�a on b 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.