HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 07/17/2001 - FIRST READING OF ORDINANCE NO. 118, 2001, AUTHORIZ AGENDA ITEM SUMMARY ITEM NUMBER: 18
FORT COLLINS CITY COUNCIL DATE: July 17,2001
STAFF: Frank Bruno
SUBJECT:
First Reading of Ordinance No. 118,2001,Authorizing the Long-term Lease of Property at the Fort
Collins-Loveland Municipal Airport to Cole Smith,dba Signal Construction, 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,$995.52 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 CPIs).
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EXECUTIVE SUMMARY:
The Airport Manager has negotiated a lease of property for the construction of an aircraft hangar.
The hangar will provide at least 8,296 square feet of aircraft storage space. At the expiration of the
lease, the improvements revert to the ownership of the Airport.
The construction of the hangar will generate new revenue for the Airport and help meet the aircraft
storage needs of local aircraft owners.
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ORDINANCE NO. 118, 2001
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LONG-TERM LEASE OF PROPERTY AT
THE FORT COLLINS-LOVELAND MUNICIPAL AIRPORT
TO COLE SMITH, DBA SIGNAL CONSTRUCTION,
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 Latimer 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, Cole Smith, dba Signal Construction, has indicated a desire to lease a portion
of airport property, described in Exhibit "A," attached hereto and incorporated herein by this
reference, 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 Cole Smith, dba Signal Construction, 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" with Cole Smith,dba Signal Construction, under the terms and
conditions of that certain lease form entitled"Lease Agreement,Cities of Loveland and Fort Collins,
Colorado and Cole Smith,dba Signal Construction", a copy of which is on file in the office of the
City Clerk and available for public inspection.
Introduced and considered favorably on first reading and ordered published this 17th day of
July,A.D. 2001,and to be presented for final passage on the 21 st day of August,A.D. 2001.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 21 st day of August,A.D. 2001.
Mayor
ATTEST:
City Clerk
Description Exhibit
Proposed Hanger Site Description:
All that portion of the Northeast 1/4 of Section 33, Township 6 North, Range 68 West,
of the 6th P.M., Lorimer County, Colorado more particularly described as follows:
Considering the East line of the Northeast 1/4 of Section 33, Township 6 North, Range
68 West, of the 6th P.M., Lorimer County, Colorado as bearing S 00'31'31" E and with
all bearings contained herein relative thereto.
COMMENCE at the Northeast corner of Section 33, Township 6 North, Range 68 West, of
the 6th P.M., Lorimer County, Colorado; thence run S 00'31 '31" E along the East line of
the Northeast 1/4 of said Section 33 for a distance of 742.90 feet; thence leaving said
East line run S 89'28'29" W for a distance of 818.63 feet to the POINT OF BEGINNING;
thence run S 70'03'54" W for a distance of 68.00 feet; thence run N 19'56'06" W for a
distance of 122.00 feet; thence run N 70'03'54" E for a distance of 68.00 feet; thence
run S 19'56'06" E for a distance of 122.00 feet to the Point of Beginning.
containing 8,296 square feet more or less.
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NOTICE: According to Date 4-16-01
Colorado law you must
commence any legal action # Date R e v i s i o n s Field Survey Prepared for: Project#: 98011.024a =
based upon any defect in n a m
this survey within three years Party Chief Fort Collins—Loveland Municipal Airport
after you first discover such n a P P
defect. In no event, may any Computed b a
P Y
action based upon any defect JRM Frederick Land Surveying, Inc.
in this survey be commenced Drawn by 1528 North Lincoln Avenue — Suite 2
more than ten years from JRM
the coke of the certification Scale Loveland, Colorado 80538
'I shown hereon, n o (970) 669-2100 — FAX (970) 669-3725