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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 04/16/2002 - ITEMS RELATING TO SEVEN LONG-TERM LEASES OF PROPER AGENDA ITEM SUMMARY ITEM NUMBER: 12 A-G DATE: April 16, 2002 FORT COLLINS CITY COUNCIL FROM: Frank Bruno SUBJECT:: Items Relating to Seven Long-term Leases of Property at the Fort Collins-Loveland Municipal Airport for the Construction of Aircraft Hangars. RECOMMENDATION: Staff recommends adoption of the Ordinances on Second Reading. EXECUTIVE SUMMARY: A. Second Reading of Ordinance No.053,2002,Authorizing the Long-Term Lease of Property at the Fort Collins-Loveland Municipal Airport to Fred Triece, III, for the Construction of an Aircraft Hangar. B. Second Reading of Ordinance No.054,2002,Authorizing the Long-Term Lease of Property lip at the Fort Collins-Loveland Municipal Airport to Donald R. Eller (Lease "C") for the Construction of an Aircraft Hangar. C. Second Reading of Ordinance No.055,2002,Authorizing the Long-Term Lease of Property at the Fort Collins-Loveland Municipal Airport to Donald R. Eller (Lease "D") for the Construction of an Aircraft Hangar. D. Second Reading of Ordinance No.056,2002,Authorizing the Long-Term Lease of Property at the Fort Collins-Loveland Municipal Airport to Bob Ferrero for the Construction of an Aircraft Hangar. E. Second Reading of Ordinance No.057,2002,Authorizing the Long-Term Lease of Property at the Fort Collins-Loveland Municipal Airport to Owen Morgan for the Construction of an Aircraft Hangar. F. Second Reading of Ordinance No.058,2002,Authorizing the Long-Term Lease of Property at the Fort Collins-Loveland Municipal Airport to Bill Sheel for the Construction of an Aircraft Hangar. G. Second Reading of Ordinance No.059,2002,Authorizing the Long-Term Lease of Property at the Fort Collins-Loveland Municipal Airport to Cole Smith for the Construction of Aircraft Hangars. The Airport Manager has negotiated the lease of property for the construction of several aircraft hangars. The hangars will provide a combined total of at least 44,750 square feet of aircraft storage DATE: April 16, 2002 2 ITEM NUMBER: 12 A-G space. At the expiration of the lease,the improvements revert to the ownership of the Airport. The construction of the hangars will generate new revenue for the Airport and help meet the aircraft storage needs of local aircraft owners. These seven Ordinances were unanimously adopted on First Reading on April 2, 2002. AGENDA ITEM SUMMARY ITEM NUMBER: 17 A-G FORT COLLINS CITY COUNCIL DATE: April 2, 2002 STAFF: Frank Bruno SUBJECT: Items Relating to Seven Long-term Leases of Property at the Fort Collins-Loveland Municipal Airport for the Construction of Aircraft Hangars. RECOMMENDATION: Staf-recommends adoption o e Ordi ces st Readin FINANCIAL, IMPACT: The leases will generate, in land rents for the airport, $5,370 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 CP COPY EXECUTIVE: SUMMARY: A. First Reading of Ordinance No. 053, 2002, Authorizing the Long-Term Lease of Property at the Fort Collins-Loveland Municipal Airport to Fred Triece, III, for the Construction of an Aircraft Hangar. B. First Reading of OrdiCan 4, 2 rizi a Long-Term Lease of Property at the Fort Collins-L icip ort to D ald R. Eller (Lease "C") for the Construction of an Aigan C. First Reading of Ordinance No. 055, 2002, Authorizing the Long-Term Lease of Property at the Fort Collins-Loveland Municipal Airport to Donald R. Eller (Lease "D") for the Construction of an Aircraft Hangar. D. First Reading of Ordinance No. 056, 2002, Authorizing the Long-Term Lease of Property at the Fort Collins-Loveland Municipal Airport to Bob Ferrero for the Construction of an Aircraft Hangar. E. First Reading of Ordinance No. 057, 2002, Authorizing the Long-Term Lease of Property at the Fort Collins-Loveland Municipal Airport to Owen Morgan for the Construction of an Aircraft Hangar. DATE: pn ITEM NUMBER: F. First Reading of Ordinance No. 058, 2002, Authorizing the Long-Term Lease of Property at the Fort Collins-Loveland Municipal Airport to Bill Sheel for the Construction of an Aircraft Hangar. _ G. First Reading of Ordinance No. 059, 2002, Authorizing the Long-Term Lease of Property at the Fort Collins-Loveland Municipal Airport to Cole Smith for the Construction of Aircraft Hangars. The Airport Manager has negotiated the lease of property for the construction of several aircraft hangars. The hangars will provide a combined total of at least 44,750 square feet of aircraft storage space. At the expiration of the e' e o wnersmp of the Airport. The construction of the hangars gene new v ue r rport and help meet the aircraft storage needs of local aircraft Hers. The Lease Agreement between the cities of Loveland and Fort Collins,Colorado and the following lessees are on file with the City Clerk of the City of Fort Collins, Colorado. 04/02/02 Airport Lease Master Schedule Annu S *Lessee Ren F rage C nts Fred Triece III 432. 00 Donald R. Eller Lease "C" $374.40 3,120 Donald R. Eller Lease "D" 374.40 3,120 Bob Ferrero 450.00 3,750 Owen Morgan 360.00 3,000 Bill Sheel 360.00 3,000 Cole Smith 3,019. 2 s Total $5,37 ,750