HomeMy WebLinkAbout053 - 05/01/2007 - AUTHORIZING THE APPROPRIATION OF 2007 FISCAL YEAR OPERATING AND CAPITAL IMPROVEMENT FUNDS OF THE FOR ORDINANCE NO. 053, 2007
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE APPROPRIATION OF 2007 FISCAL YEAR OPERATING AND
CAPITAL IMPROVEMENT FUNDS OF THE FORT COLLINS-LOVELAND MUNICIPAL
AIRPORT AND AUTHORIZING THE REAPPROPRIATION OF UNSPENT AND
UNENCUMBERED FUNDS FROM 2006
WHEREAS, in 1963, the City of Fort Collins and the City of Loveland 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 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 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 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 2007 Airport Operating Budget
totaling$580,170 and the City of Fort Collins' 50% share is $290,085; and
WHEREAS, it is the desire of the City Council to appropriate the necessary funds for
operating costs of the Airport, totaling $290,085, for the fiscal year beginning January 1, 2007,
and ending December 31, 2007; and
WHEREAS, the Airport Manager also recommends additional capital improvements,
totaling $1,100,500 for 2007 that are not included in the 2007 Airport Operating Budget, as
follows:
Taxiway Improvements $ 1,053,000
Storage Building for Airport Equipment 32,000
Directional/Informational Signage 8,000
Minor Equipment Purchases 7,500
Total $ 1,100,500
WHEREAS, funding for the 2007 capital improvements has been identified as follows:
FAA Entitlement and Discretionary Grants $ 1,000,000
State Grants 25,000
Contributions - Fort Collins and Loveland 75,500
Total $ 1,100,500
WHEREAS, the City of Fort Collins' 50% share of the 2007 capital improvement costs is
$550,250; and
WHEREAS, the Airport Manager recommends the reappropriation of unspent and
unencumbered funds from 2006, totaling $2,178,000, to be used in 2007 for Airport
improvements as follows:
Ramp/Taxiway Alpha Rehabilitation $ 1,924,770
Runway Fog Seal and Markings Repainting 181,520
FAA Master Plan Update 33,100
Airport Fire Fighting Equipment 17,760
Airfield Lighting Control System 9,780
Other Improvements 11,070
Total $ 2,178,000
WHEREAS, funding for the Airport reappropriation has been identified as follows:
FAA Entitlement and Discretionary Grants $ 1,942,530
Fort Collins-Loveland Airport Prior Year Reserves 235A70
Total $ 2,178,000
WHEREAS, the City of Fort Collins' 50% share of the 2006 Airport reappropriation
totals $1,089,000; 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 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 2007 Airport Operating Budget and
authorizes the appropriation of TWO HUNDRED NINETY THOUSAND EIGHTY-FIVE
DOLLARS ($290,085) 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 FIVE
HUNDRED FIFTY THOUSAND TWO HUNDRED FIFTY DOLLARS ($550,250) to be used
for 2007 capital improvements at the Fort Collins-Loveland Municipal Airport.
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Section 3. That the City Council hereby authorizes the reappropriation of unspent and
unencumbered 2006 Fort Collins-Loveland Municipal Airport funds, totaling ONE MILLION
EIGHTY-NINE THOUSAND DOLLARS ($1,089,000) to be used for improvements at the Fort
Collins-Loveland Municipal Airport.
Introduced, considered favorably on first reading, and ordered published this 17th day of
April, A.D. 2007, and to be presented for final passage on the 1 y of May, A.D. 2007.
May
ATTEST:
City Clerk
Passed and adopted on final reading on the 1 st day of M .D. 2007.
v
Mayo
ATTEST:
City Clerk
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