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HomeMy WebLinkAbout137 - 12/04/2012 - AUTHORIZING THE APPROPRIATION OF 2013 FISCAL YEAR OPERATING AND CAPITAL IMPROVEMENT FUNDS FOR THE FO ORDINANCE NO. 137, 2012 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING THE APPROPRIATION OF 2013 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 2013 Airport operating budget totaling $693,100 and the City's share is $346,550; 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 $346,550, for the fiscal year beginning January 1, 2013, and ending December 31, 2013; and WHEREAS,the Airport Manager recommends the following capital improvements for 2013, totaling $2,200,000, that are not included in the 2012 Airport operating budget: Taxiway Improvements and Utility Master Planning and Design Engineering $2,200,000 WHEREAS, funding for the 2013 capital improvements has been identified as follows: FAA Entitlement Grants $ 1,000,000 State Grant 1,000,000 Airport Revenues 200.000 Total $ 2,200,000 WHEREAS,the City's 50%share of the 2013 capital improvement costs is$1,100,000; 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 2013 Airport operating budget. Section 2. That the City Council hereby authorizes the appropriation of THREE HUNDRED FORTY-SIX THOUSAND FIVE HUNDRED FIFTY DOLLARS ($346,550) 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 ONE MILLION ONE HUNDRED THOUSAND DOLLARS($1,100,000)to be used for 2013 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. 2012,and to be presented for final passage on the 4th day of December,A.D.2012. OF po O . ATTEST: j � tr- r Mayor ;r p'. DO City Clerk Passed and adopted on final reading on the 4th day of December, A.D. 2012. �A OF FORT Ma r ATTEST: s��L rn City Clerk ....... ORADO••