HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 12/17/2002 - FIRST READING OF ORDINANCE NO. 185, 2002, AUTHORIZ AGENDA ITEM SUMMARY ITEM NUMBER: 16
FORT COLLINS CITY COUNCIL DATE: December 17, 2002
STAFF:
Frank Bruno
SUBJECT:
First Reading of Ordinance No. 185,2002, Authorizing the Long-term Lease of Property at the Fort
Collins-Loveland Municipal Airport to Dennis Swenson 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, $403.20 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.
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. 185, 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 DENNIS SWENSON 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-l 11 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, Dennis Swenson 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 Dennis Swenson 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 Dennis Swenson, in substantially the form entitled "Lease
Agreement, Cities of Loveland and Fort Collins, Colorado and Dennis Swenson" 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
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Description Exhibit A
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Proposed Nan¢ar `;:12Q_s_a ri plan,
All that portion of the Nnrlheasl 1/4 of Section 33, Township 6 North, Range 68 Was1, of d A
the 6m P.M., Lorimer County. Colorado more particularly described as follows: y
Considering the East line of the Northeast I/4 a! Section 31, township 6 North, Range <
68 West. of the 611, P.M., Lorimer County, Colorado as bearing S 00'31'31" E and with 4 -
atl bearings conlainod herein relative thereto. o
2
COMMENCE al the Norlhoost corner of Section 33, Township 6 Norlh, Range 68 West, of '
the 61h P.M., Lorimer County. Colorado: thence run S 00'31'31" E along the East line of
the Norlheosl 1/4 of said Section 33 for a distance of 1098.76 feel: thence leaving said
East line run S 8928'29" 'N for a distance of 425.17 feet to the POINT OF BEGINNING:
thence run 5 700113 w for 0 distance of 60.00 feel; thence run N 19'58'47" W for a
dislcnce of 48.00 fear, thence run N 70'01'13" E for a distance of 60.00 feet; thence Point of CommenumeN
/ NE Corner of Section
run 5 ing 1.li" E for a distance of less48.QOfeel to the Point of Beginning. / NE Corner
of Section
1 ConlcirJng 2880 spuara teal more or less. / \
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a �lo
/ jo'j N East line of NE-1/4 of Section 33 12
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proposed
hangar site fn
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�/ / 0• t W 425.17'
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/ NOTE: This is not a monumerled land survey.
Immi
urvey Prepared for: Project!; 98011.03
02'cording to Colom,e ta.. ioa must commence , hiFort Collins/Loveland Municipal Airpr
-Chan based upon nny delecl .n ❑, surveyd by01yeaa avertro f•at d uprn• socn feftic1. Frederick Land Surveying
rl, moo any action bestir n -e cny detect In by 1528 North Lincoln Avenue - Suite 2
1 be commence, more ;non �rn yeaa hem Loveland. Colorado 80538
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