HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 06/05/2007 - SECOND READING OF ORDINANCE NO. 076, 2007, AUTHORI ITEM NUMBER: 14
AGENDA ITEM SUMMARY DATE: June 5, 2007
FORT COLLINS CITY COUNCIL STAFF: Mike Freeman
Dave Gordon
SUBJECT
Second Reading of Ordinance No. 076,2007,Authorizing the Lease of Property at the Fort Collins-
Loveland Municipal Airport to Alliance Equipment Company, RLLLP, for the Storage of
Construction Equipment and Supplies.
RECOMMENDATION
Staff recommends adoption of this Ordinance on Second Reading.
EXECUTIVE SUMMARY
This Ordinance, unanimously adopted on First Reading on May 15, 2007, authorizes a lease to
Alliance Equipment Company, RLLLP of two acres of Airport property for outdoor storage of
construction equipment and supplies.
ATTACHMENTS
1. Copy of First Reading Agenda Item Summary- May 15, 2007.
ATTACHMENT 1
ITEM NUMBER: 15
AGENDA ITEM SUMMARY DATE: May 15, zoos
FORT COLLINS CITY COUNCIL STAFF: Mike Freeman
r
SUBJECT
First Reading of Ordinance No. 076, 2007, Authorizing the Lease of Property at the Fort Collins-
Loveland Municipal Airport to Alliance Equipment Company, RLLLP, for the Storage of
Construction Equipment and Supplies.
RECOMMENDATION
Staff recommends adoption of this Ordinance on First Reading.
FINANCIAL IMPACT
AT I
The lease will generate$8,712 e first y"oftlePeTheryeeno City expenses associated with
this lease. '�`
EXECUTIVE SUMMARY
Alliance Equipment Company, RLLLP, wishes to lease two acres of Airport property for outdoor
storage of construction equipment and supplies. Alliance has been leasing the same Airport property
for the last three years; this is a new lease for the same area. The Agreement is for a five-year
period, beginning July 1, 2007. The new ground lease is $.10 per square foot per year; increased
from $.06 per square foot per year. The rental rate is adjusted annually by the CPI. As additional
rental Alliance is required to construct an 800 foot length of chain link security fence along the east
side of the leased parcel. The lease contains adequate restrictions to prevent any incompatible land
use related to Airport operations. The Agreement will provide a continuation of this revenue source
for the Airport. Because of its(es1t
he 1 doc t ' fi ith the City Clerk's Office and
a copy will be provided uponr
_. ._
ORDINANCE NO. 076, 2007
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LEASE OF PROPERTY AT
THE FORT COLLINS-LOVELAND MUNICIPAL AIRPORT TO
ALLIANCE EQUIPMENT COMPANY, RLLLP, FOR THE
STORAGE OF CONSTRUCTION EQUIPMENT AND SUPPLIES
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,pursuant to Section 23-111 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,Alliance Equipment Company,RLLLP,has indicated a desire to lease a portion
of Airport Property, described in the attached Exhibit A, for the storage of construction equipment
and supplies.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the proposed lease of the property to Alliance Equipment Company,
RLLLP, upon the terms of the lease hereafter referenced, is in the best interests of the City.
Section 2. That the City Manager is hereby authorized to enter into the lease of the
property described in Exhibit A to Alliance Equipment Company,RLLLP,in substantially the form
entitled"Ground Lease Agreement"which is on file with the City Clerk of the City of Fort Collins,
Colorado, subject to such modifications in form or substance as the City Manager, in consultation
with the City Attorney,may deem necessary to effectuate the purposes of this Ordinance or to protect
the interests of the City.
Introduced, considered favorably on first reading, and ordered published this 15th day of
May, A.D. 2007, and to be presented for final passage on the 5 ay of June, A.D. 2007.
Ma r
ATTEST:
City Clerk
Passed and adopted on final reading on the 5th day of June, A.D. 2007.
Mayor
ATTEST:
City Clerk