HomeMy WebLinkAbout125 - 11/17/2009 - AUTHORIZING THE APPROPRIATION OF 2010 FISCAL YEAR OPERATING AND CAPITAL IMPROVEMENT FUNDS FOR THE FO ORDINANCE NO. 125;2009
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE APPROPRIATION OF 2010 FISCAL YEAR
OPERATING AND CAPITAL IMPROVEMENT FUNDS FOR
THE FORT COLLINS-LOVELAND MUNICIPAL AIRPORT
WHEREAS, in 1963, the City of Fort Collins and the City of Loveland (the "Cities")
agreed to establish 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 Cities, with each city
retaining a 50% ownership interest, sharing equally in policy-making and management, and
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,
(the "IGA") between the Cities for the joint operation of the Airport, the Airport Manager is
responsible for preparing the Airport's Annual Operating Budget and submitting it to the Cities ,
for their approval; and
WHEREAS, the Airport Manager has submitted a 2010 Airport Operating Budget
totaling$711,600 and the City's share is $355,800; and,
WHEREAS, it is the desire of the City Council to appropriate the necessary funds for
operating costs of the Airport, totaling $355,800, for the fiscal year beginning January 1, 2010,
and ending December 31, 2010; and
WHEREAS, the Airport Manager recommends the following capital improvements for
2010, totaling $1,217,000, that are not included in the 2010 Airport Operating Budget:
Taxiway Improvements $ 1,217,000
WHEREAS, funding for the 2010 capital improvements has been identified as follows:
FAA Entitlement Grants $ 1,000,000
State Grant 108,500
Airport Revenues 108,500
Total $ 1,217;000
WHEREAS, the City's 50% share of the 2010 capital improvement costs is $608,500;
and
WHEREAS, under the IGA, the City's share of existing and unanticipated Airport
revenue will be held and disbursed by the City of Loveland as an agent on behalf of the Cities
since the City of Loveland provides finance and accounting services for the Airport; and
WHEREAS, in accordance with Article V, Section 8(b), of the City Charter, any expense
or liability entered into by an agent of the City, on behalf of'the City, shall not be made unless an
appropriation therefor 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 2010 Airport Operating Budget
and authorizes the appropriation of THREE HUNDRED FIFTY-FIVE THOUSAND EIGHT
HUNDRED DOLLARS ($355,800) to be expended to defray the operating costs of the Fort
Collins-Loveland Municipal Airport.
Section 2. That the City Council hereby authorizes the appropriation of SIX
HUNDRED EIGHT THOUSAND FIVE HUNDRED DOLLARS ($608,500) to be used for 2010
capital improvements at the Fort Collins-Loveland Municipal Airport.
Introduced, considered favorably on first reading, and ordered published this 3rd day of
November, A.D. 2009, and to be presented for final passage on the 17th day of November, A.D.
2009.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading on the 17th day o o mber, A.D. 2009.
Mayo
ATTEST:
City Clerk