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Home My WebLink AboutCOUNCIL - AGENDA ITEM - 12/17/2002 - FIRST READING OF ORDINANCE NO. 184, 2002, AUTHORIZ AGENDA ITEM SUMMARY ITEM NUMBER: 15 FORT COLLINS CITY COUNCIL DATE: December 17, 2002 STAFF: Frank Bruno SUBJECT: First Reading of Ordinance No. 184,2002, Authorizing the Long-teen Lease of Property at the Fort Collins-Loveland Municipal Airport to Stephen Brown 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, $592.62 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 CPI's. lip EXECUTIVE SUMMARY: This lease is the standard lease form that has been used on numerous other ground leases approved by the City. The ground rental rate is $.14 per square foot per year, which is consistent with other leases approved within the last year. The hangar location is consistent with the Airport's development plan and is considered to be a good addition to the Airport.. At the expiration of the lease the improvements revert to the ownership of the Airport. ORDINANCE NO. 184, 2002 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING THE LONG-TERM LEASE OF PROPERTY AT THE FORT COLLINS-LOVELAND MUNICIPAL AIRPORT TO STEPHEN BROWN 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 23-111 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, Stephen Brown has indicated a desire to lease a portion of airport property, described in the attached Exhibit "A", 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 property described in the attached Exhibit "A" to Stephen Brown 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 the long term lease of the property described in Exhibit "A" to Stephen Brown, in substantially the form entitled "Lease Agreement,Cities of Loveland and Fort Collins,Colorado and Stephen Brown"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 Mayor, 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 and considered favorably on First reading and ordered published this 17th day of December, A.D. 2002, and to be presented for final passage on the 7th day of January, A.D. 2003. Mayor ATTEST: City Clerk Passed and adopted on final reading this 7th day of January, A.D. 2003. Mayor ATTEST: City Clerk PROPERTY DESCRIPTION Exhibit A A parcel of land being a part ofthe Northeast Quarter (NEI/4) of-Section Thirty-three (33), Township Six North (T.6N.), Range Sixty-eight West (R.68W.), Sixth Principal Mcricliarl County of Larimer, State of Colorado and being more particularly described as follows: COMMENCING at the Last Quarter (EI/4) Corner of said Section 33 and assuming the East line of said NE1/4 as bearing North 00'24'17" West, being a Grid Bearing of the Colorado State Plane Coordinate System, North Zone, North American Datum 1983/92, a distance of 2599.32 feet with all other bearings contained herein relative thereto: THENCE North 66*23'01" West a distance of 1016.56 feet to the POINT OF BEGINNING; THENCE South 70°22'52" West a distance of 60.25 feet; THENCE North 19°37'08" West a distance of 70.25 feet; THENCE North 70022'52" East a distance of 60.25 feet; THENCE South 19°37'08" East a distance of 70.25 feet to the POINT OF BEGINNING. Said parcel contains 4,233 sq. ft. more or less (±), and is subject to any rights-of-way or other easements of record or as now existing on said described parcel of land. SURVEYOR'S CERTIFICATE I, Lawrence S. Pepek, a Colorado Registered Professional Land Surveyor do hereby state that this • Property Description was prepared under my personal supervision and checkin" and that it is trur and correct to the best ol'my knowledge and belief. REG& CE O Lawrence S. Pepek Colorado Registered Profession. Land Surveyor 4 33642 di �tigL LANOSJ KING SURVEYORS, INC. 9299 Eastman Park Drive Windsor, Colorado 80550 (970) 686-5011 JN: 2002102 • I:\LDDprgi2\2002102\d<vg\20021()2exhibit a.doc . bast printed 4/4/2002 3:19 I'M PARCEL DESCRIPTION EXHIBIT A NORTHERT.60U R 68W.SEC. 33. I NORTHEAST CORNER SEC. 33. T.6N. R.68W. FNO. 3" BRASS CAP ON 2' PIPE, LS 13446 I 0y0PP00 RS EXISTING •¢ BUILDING / p: 60.11' �A / pA'AC LAND � Im s 110.00' 10 m m N D n A b 0 1O n 4 1/1 g2 i 1 �7�60.2`+ \N �00 \� EXHIBIT A o\vim.4.233 sR. it \1^ POINT OF BEGINNING IJ \� 1 27.5i� \ iT 60 25 �',66. V 0�656�"\ � � A 1 f ` \ EAST QUARTER CORNER J \ 50 25 0 50 SEC. 33. T.6N. R.68W. FND. 2" ALUM. CAP ON N5 REBAR. LS 11989 POINT OF COMMENCEMENT KING SURU�YORS, INC. PROJECT NO: 2002102 9299 EASTMAN PARK DRIVE, WINDSOR, CO 80550 DATE: 4-4-02 PHONE: (970) 686-5011 FAX: (970) 686-5821 CLIENT: CLARK ENT. WWW.KINGSURVEYORS.COM DWG: 2002102ESMT