HomeMy WebLinkAbout083 - 07/19/2016 - APPROVING A REVISION TO THE AIRPORT OPERATING BUDGET AND APPROPRIATING RESERVES IN THE AIRPORT FUNDORDINANCE NO. 083, 2016
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING A REVISION TO THE AIRPORT OPERATING BUDGET
AND APPROPRIATING RESERVES IN THE AIRPORT FUND FOR
THE NORTHERN COLORADO REGIONAL AIRPORT TO
COMPLETE THE STRATEGIC PLAN GOALS
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, now known as the Northern Colorado Regional
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 each
assuming responsibility for 50% of the Airport's capital and operating costs; and
WHEREAS, pursuant to the Amended and Restated Intergovernmental Agreement for
the Joint Operation of the Fort Collins-Loveland Municipal Airport dated January 22, 2015, and
the First Amendment to the Amended and Restated Intergovernmental Agreement for the Joint
Operation of the Fort Collins-Loveland Municipal Airport, now known as the Northern Colorado
Regional 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, under the IGA, the City's share of existing and unanticipated Airport
revenue is to 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, under the IGA, each City's share of the Airport's annual operating budget
and the Airport capital improvement plan shall be appropriated by each City and transferred or
otherwise paid into the designated account to be used for Airport funding on an annual basis; and
WHEREAS, on November 17, 2015, City Council adopted Ordinance No. 135, 2015,
adopting the 2016 Airport Budget and appropriating the City's share of that Budget; 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 for the same has been made by the City Council; and
WHEREAS, the Airport Manager has submitted for City Council consideration a request
to increase the 2016 Airport Budget by a total of$165,000 to fund work.associated with the City
Council approved Airport Strategic Plan to add a staff person tasked with development and
promotion and creation of a communications and marketing plan with a focus on rebranding of
the Airport (the Project); and
WHEREAS, pursuant to the IGA, the City of Loveland holds on behalf of both Cities the
revenues of, and other financial contributions to, the Airport in a fund, which includes
unappropriated and unencumbered, reserves (the "Airport Fund"); and
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WHEREAS, in order to fund the increase to the approved 2016 Airport operating budget,
the Cities must each appropriate one half of the total increase, or $82,500 each from jointly
owned reserves held in the Airport Fund, and Council desires to appropriate that additional
amount for the Project.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS as follows: i
Section 1. That the City Council hereby makes and adopts the determinations and
findings contained in the recitals set forth above. .
Section 2. That the City Council hereby approves an amendment to the 2016 Airport
Budget to increase authorized 2016 expenditures by the total amount ONE HUNDRED SIXTY
FIVE THOUSAND DOLLARS ($165,000) to fund the Project.
Section 3. That the City Council hereby appropriates reserves in the Airport Fund in
the amount of EIGHTY TWO THOUSAND FIVE HUNDRED DOLLARS ($82,500) to be
expended on the City's share of Project.
Introduced, considered favorably on first reading, and ordered published this 5th day of
July, A.D. 2016, and to be presented for final passage on the 19th day of July, A.D. 2016.
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SEAL :ayor
ATTEST:
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City Clerk
Passed and adopted on final reading on the 19th day of July, A.D. 2016.
Foftr o0
L
Mayor
ATTEST: eoLoft
City Clerk
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