HomeMy WebLinkAbout005 - 02/01/2005 - AUTHORIZING THE APPROPRIATION OF OPERATING FUNDS OF THE FORT COLLINS-LOVELAND MUNICIPAL AIRPORT FOR ORDINANCE NO. 005, 2005
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE APPROPRIATION OF OPERATING FUNDS OF
THE FORT COLLINS-LOVELAND MUNICIPAL AIRPORT FOR THE
FISCAL YEAR BEGINNING JANUARY 1, 2005, AND AUTHORIZING
THE APPROPRIATION OF UNANTICIPATED REVENUE AND
PRIOR YEAR RESERVES FOR CAPITAL IMPROVEMENTS
AT THE FORT COLLINS-LOVELAND MUNICIPAL AIRPORT
WHEREAS, in 1963, the City of Fort Collins and the City of Loveland agreed to the
establishment of a regional general aviation facility and became owners and operators of the Fort
Collins-Loveland Municipal Airport (the "Airport"); and
WHEREAS, the Airport is operated as a joint venture between the City of Fort Collins
and the City of Loveland (the "Cities"), with each city retaining a 50% ownership interest,
sharing equally in policy-making and management, and with each assuming responsibility for
50% of the capital and operating costs associated with the Airport; and
WHEREAS, in accordance with the Intergovernmental Agreement, dated May 16, 2000,
between the City of Fort Collins and the City of Loveland for the joint operation of the Fort
Collins-Loveland Municipal Airport, the Airport Manager is responsible for preparing the
Airport's Annual Operating Budget and submitting said budget to the both Cities for their
approval; and
WHEREAS, the Airport Manager has submitted a 2005 Airport Operating Budget
totaling$530,470, of which the City of Fort Collins 50% share is $265,235; and
WHEREAS, it is the desire of the City Council to appropriate the necessary funds for
operating costs of the Airport, totaling $265,235, for the fiscal year beginning January 1, 2005,
and ending December 31, 2005; and
WHEREAS, the Airport Manager also recommends additional capital expenditures,
totaling $1,282,003 for 2005 that are not included in the 2005 Airport Operating Budget, as
follows:
Improvements to the Airport's ramp for commercial aircraft
and security access control projects $ 1,240,003
Purchase of FAA required rescue equipment for the Airport's
crash/fire/rescue vehicles 22,000
Consulting costs to analyze a soil contamination site at the
Airport 20,000
Total $ 1,282,003
WHEREAS, funding for the aforementioned Airport appropriations has been identified
as follows:
Federal Aviation Authority grant funds $ 1,150,000
Colorado Aeronautical Board and the Division of Aeronautics 61,763
Fort Collins-Loveland Municipal Airport Prior Year Reserves 70,240
Total $ 1,282,003
WHEREAS, the City of Fort Collins' 50% share of the 2005 Airport capital improvement
costs is $641,001; and
WHEREAS, under the Intergovernmental Agreement between the Cities, the City of Fort
Collins' share of existing and unanticipated Airport revenue will be held and disbursed by the
City of Loveland, as an agent on behalf of the City of Fort Collins, since the City of Loveland is
providing finance and accounting services for the Airport; and
WHEREAS, in accordance with Article V, Section 8(b), of the Charter of the City of Fort
Collins, any expense or liability entered into by an agent of the City, on behalf of the City, shall
not be made unless an appropriation therefore shall have been made by the City Council.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS as follows:
Section 1. That the City Council hereby adopts the 2005 Airport Operating Budget and
authorizes the appropriation of TWO HUNDRED SIXTY-FIVE THOUSAND TWO
HUNDRED THIRTY-FIVE DOLLARS ($265,235) to be expended for the authorized purposes
of the Fort Collins-Loveland Municipal Airport.
Section 2. That the City Council hereby authorizes the appropriation of SIX HUNDRED
FORTY-ONE THOUSAND ONE DOLLAR ($641,001) to be used for capital improvements at
the Fort Collins-Loveland Municipal Airport.
Introduced, considered favorably on first reading, this 18th day of January, A.D. 2005,
and to be presented for final passage on the 1st day of February, A.D. 2005.
Mayor
ATTEST:
]lea T' 1_V
City Clerk
Passed and adopted on final reading this 1st day of February, A.D. 005.
Mayor
ATTEST:
0
City Clerk