HomeMy WebLinkAbout031 - 03/07/2023 - APPROPRIATING PRIOR YEAR RESERVES FOR A CAPITAL CONSTRIBUTION OF $1,000,000 FOR CONSTRUCTION OF A NE(r This Ordinance was repealed
and reenacted as
Ordinance No.061,2023.
ORDINANCE NO.031,2023
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES FOR A CAPIT AL CONTRIBUTION OF
$1,000,000 FOR CONSTRUCTION OF A NEW PUBLIC TERMINAL FACILITY AT THE
NORTHERN COLORADO REGIONAL AIRPORT
WHEREAS,the City of Fort Collins (the “City”)and the City of Loveland (“Loveland”)
jointly own the Northern Colorado Regional Airport (the “Airport”);and
WHEREAS,the Airport is currently undertaking a project to construct a new public
terminal facility (the “Project”)for the purpose of growing multi-modal transportation,charters,
and future airline services;and
WHEREAS,the Project is estimated to have a total cost $25,000,000,with $21,000,000
from federal funding,of which $1,590,000 is contingent upon a local match of $175,000;and
WHEREAS,the Project is dependent upon a local contribution obligation of $4,000,000,
of which $2,000,000 will come from the Airport’s capital reserves and $1,000,000 is proposed to
be contributed each by the City and Loveland;and
WHEREAS,City Council’s Finance Committee recommended that City staff collaborate
with Airport staff to develop a series of performance indicators for the Project;and
WHEREAS,City staff has identified the following performance indicators:(i)no later than
March 31,2025,the Project shall achieve LEED Silver building certification;the Project shall
include a public art commitment at 1%of non-federal funding contributions to the Project;and the
carbon footprint of the building shall be no greater than 198 metric tons of carbon dioxide
equivalent;and enhanced accessibility to the building will be provided;and (ii)by year-end 2028,
the Airport shall achieve no less than 33,000 bus or air passengers annually that directly utilize the
new terminal facility (collectively,the “Performance Indicators”);and
WHEREAS,this Ordinance directs the City Manager to negotiate and execute an
intergovernmental agreement with Loveland for this capital contribution that addresses the
Performance Indicators,but leaves to the City Manager the discretion as to how they will be
addressed in the intergovernmental agreement with the goal being the timely funding of the
Project;and
WHEREAS,in addition to appropriating the identified funds,this Ordinance is intended to
provide a public position of support for the Project to allow for the release of federal funding;and
WHEREAS,this appropriation benefits the public health,safety and welfare of the
residents of Fort Collins and serves the public purpose of providing funding for the construction
of a new public terminal facility at the Airport with the intent of growing multi-modal
transportation,charters,and future airline services that Fort Collins residents will be able to access;
and
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WHEREAS,Article V,Section 9 of the City Charter permits the City Council,upon the
recomnendation of the City Manager,to make supplemental appropriations by ordinance at any
time during the fiscal year such funds for expenditure as may be available from reserves
accumulated in prior years,notwithstanding that such reserves were not previously appropriated;
and
WHEREAS,the City Manager has recommended the appropriation described herein and
determined that this appropriation is available and previously unappropriated from the General
Fund and will not cause the total amount appropriated in the General Fund to exceed the current
estimate of actual and anticipated revenues and all other funds to be received in this Fund during
this fiscal year.
NOW,THEREFORE,BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1.That the City Council hereby makes and adopts the determinations and
findings contained in the recitals set forth above.
Section 2.That there is hereby appropriated from prior year reserves in the General
Fund the sum of ONE MILLION DOLLARS ($1,000,000)to be expended in the General Fund
for a capital contribution for the Project,the construction of a new public terminal facility at the
Northern Colorado Regional Airport.
Section 3.That the City Manager is directed to negotiate an intergovernmental
agreement with Loveland for this capital contribution and is authorized to enter into and sign it on
the City’s behalf.The City Manager is further authorized to enter into the agreement on such
terms and conditions concerning the Performance Indicators as the City Manager determines are
in the best interest of the City for the timely funding of the Project.
Introduced,considered favorably on first reading,and2!ed publish this 21st day of
February 2023,and to be presented for final passage on the7 (of ~
.pATTEST:I )~
City erk
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Passed and adopted on final reading on the 7th day of
ATTEST:
City Clerk