HomeMy WebLinkAbout138 - 12/04/2007 - AUTHORIZING THE APPROPRIATION OF 2008 FISCAL YEAR OPERATING AND CAPITAL IMPROVEMENT FUNDS OF THE FOR ORDINANCE NO. 138, 2007
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE APPROPRIATION OF 2008 FISCAL YEAR
OPERATING AND CAPITAL IMPROVEMENT FUNDS OF
THE FORT COLLINS-LOVELAND MUNICIPAL AIRPORT
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 2008 Airport Operating Budget
totaling $648,310 and the City of Fort Collins' 50% share is $324,155; and
WHEREAS, it is the desire of the City Council to appropriate the necessary funds for
operating costs of the Airport, totaling $324,155, for the fiscal year beginning January 1, 2008,
and ending December 31, 2008; and
WHEREAS, the Airport Manager recommends the following capital improvements for
2008, totaling $5,721,160, that are not included in the 2008 Airport Operating Budget:
Primary Runway 15/33 Improvements $ 5,263,160
Cross Wind Runway 6/24 Improvements 310,000
T-Hangar Pavement Maintenance 114,000
Mowing Equipment 34,000
Total $ 5,721,160
WHEREAS, funding for the 2008 capital improvements has been identified as follows:
FAA Entitlement and Discretionary Grants $ 5,000,000
State Grants 250,000
Donations/Gifts 310,000
Contributions - Fort Collins and Loveland 75,500
Airport Revenues 85,660
Total $ 5,721,160
. .. .._._.._.
WHEREAS, the City of Fort Collins' 50% share of the 2008 capital improvement costs is
$2,860,580; 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 2008 Airport Operating Budget and
authorizes the appropriation of THREE HUNDRED TWENTY-FOUR THOUSAND ONE
HUNDRED FIFTY-FIVE DOLLARS ($324,155) 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 TWO MILLION
EIGHT HUNDRED SIXTY THOUSAND FIVE HUNDRED EIGHTY DOLLARS ($2,860,580)
to be used for 2008 capital improvements at the Fort Collins-Loveland Municipal Airport.
Introduced, considered favorably on first reading, and ordered published this 20th day of
November, A.D. 2007, and to be presented for final passage on the 4th day of December, A.D.
2007.
Mayo
ATTEST:
City Clerk
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Passed and adopted on final reading on the 4th day of D I er, A.D. 2007.
Mayo
ATTEST:
City Clerk
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