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Home My WebLink AboutCOUNCIL - AGENDA ITEM - 05/15/2007 - FIRST READING OF ORDINANCE NO. 072, 2007, AUTHORIZ __.._ f ITEM NUMBER: 15 AGENDA ITEM SUMMARY DATE: May 15, 2007 FORT COLLINS CITY COUNCIL STAFF: Mike Freeman SUBJECT First Reading of Ordinance No. 072, 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 The lease will generate$8,712 the first year of the lease. There are no City expenses associated with this lease. EXECUTIVE SUMMARY Alliance Equipment Company, LLC, 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 length,the lease document is on file with the City Clerk's Office and a copy will be provided upon request. ORDINANCE NO. 072, 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 aportion 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 5th day of June, A.D. 2007. Mayor ATTEST: City Clerk Passed and adopted on final reading on the 5th day of June, A.D. 2007. Mayor ATTEST: City Clerk " Snip-23-03 02;0 P FradarlCk Land Su"itylny 970 669 3776 P.03 -� EXHIBIT "A" Description Exhibit }� A pWOM If lead WMW In tM IlrrOreat 1/4 of Ssollenownd* 6 forth. - Renga N Mat of theah Fdit*w tlsrtdla. C-h* Slats of L-Orw- of Co avado mitt rope Pa toulalh daaorlbod a faoo.North P" - I1r p M m of Uw m dP&.*d 6armuln.Couriv W&W.Teawhb 6 Na1h. VOW of Cekrado as boon N 5712'47*p o66 a6 boork6e asra464d fwrokn fdou" thoreto. CO VICE al fw NwWwat *~ of the Nor%"" 1/4 of Section 2% romwap 6 North, Ronga 0 pat of tha off f'.'bwid MwWkn CCU* Of 1wMwr. Slow of DOWOON U-1 run N 67'12'47' V ala" said North Ww for a "14000 Of 140" foot OW4. wariw add 14,% in w S Or44W p for a dataws of 23176 fool to tho PONE OF 6EONNNP. UrMros run N 75'13'16' E for a dMomou of 1" lop; awnaa rw S Groo'W E for o II anta of I=U f4vt fi.�a run S 0744'22' w for a dnwrws of 260M rest Ownto run N 6T16'3e w lar a Sidana of 30t.26 foot Vti +un N OrW22' E far a Qdw.eo of 236.46 fop to lta POM of 99OW rp. Co to"q 2.00 aara, awn a 1440. ono bob% "l or to a ooew*WA$ ono Ndhw or aoy of lord. - -, a w OV ar m Mhwa q Wjj Ma lsrw ser rso e.p Arawr O'Ch d4fsol In a afoot war are wwr amor �jsr�senM Adod W.. ef�rrw..ww.a40 sws. Pao+ 1 of 2 / Dow R s r i s l o n s 24 PnpPo4 Ix. PmJ .f16011.046 Pod Alliance Construction Frederick Lean sr.:..7tn� Inc. M 1576 NeM tbpan Awnuo �sa-lw 2 ' laakM, Coknde 60s16 1^..50' (670) 666-2100 - FAX (670) fi60-3725 Sap-25-03 02:54P PT•Iadnrj Ck :-and Su—"Inp 970 669 3725 P.02 - Description Exhibit NW Cartur a the Paid of WlaMnewmM NW 1/4 of SOoRaa :e Canter ofIM 26—TSN—R66W-4PY MW 1/4—of R6eU0100 . L� .-_R• 8 aaN. of IL.ad rPe 1t GrJXgr W a . . . ' &K R Sth PM - n. ! 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