HomeMy WebLinkAbout135 - 11/01/2011 - AUTHORIZING THE APPROPRIATION OF 2012 FISCAL YEAR OPERATING AND CAPITAL IMPROVEMENT FUNDS FOR THE FO ORDINANCE NO. 135, 2011
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE APPROPRIATION OF 2012 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,
between the Cities for the joint operation of the Airport (the "IGA"), 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 for City Council consideration a 2012
Airport operating budget totaling $779,550 and the City's share is $389,775; and
WHEREAS, it is the desire of the City Council to authorize the City of Loveland to
appropriate the City's share of the necessary funds for operating costs of the Airport, totaling
$389,775, for the fiscal year beginning January 1, 2012, and ending December 31, 2012; and
. WHEREAS,the Airport Manager recommends the following capital improvements for 2012,
totaling $1,217,000, that are not included in the 2011 Airport operating budget:
Taxiway Improvements and Utility Master
Planning and Design Engineering $1,217,000
WHEREAS, funding for the 2012 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 2012 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 2012 Airport operating budget.
Section 2. That the City Council hereby authorizes the appropriation of THREE
HUNDRED EIGHTY-NINE THOUSAND SEVEN HUNDRED SEVENTY-FIVE DOLLARS
($389,775) to be expended to defray the operating costs of the Fort Collins-Loveland Municipal
Airport.
Section 3. That the City Council hereby authorizes the appropriation of SIX HUNDRED
EIGHT THOUSAND FIVE HUNDRED DOLLARS ($608,500) to be used for 2012 capital
improvements at the Fort Collins-Loveland Municipal Airport.
Introduced, considered favorably on first reading, and ordered published this 18th day of
October, A.D. 2011, and to be presented for final passage on the I st day of November,A.D. 2011.
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Passed and adopted on final reading on the 1 st day of November, A.D. 2011.
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