HomeMy WebLinkAbout135 - 11/17/2015 - ADOPTING THE 2016 BUDGET AND APPROPRIATING THE FORT COLLINS SHARE OF THE 2016 FISCAL YEAR OPERATING ORDINANCE NO.135, 2015
OF THE COUNCIL OF THE CITY OF FORT COLLINS
ADOPTING THE 2016 BUDGET AND APPROPRIATING THE FORT COLLINS
SHARE OF THE 2016, 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 each
assuming responsibility for 50% of the Airport's capital and operating costs; and
WHEREAS, pursuant to the Amended and Restate Intergovernmental Agreement for the
Joint Operation of the Fort Collins-Loveland Municipal Airport dated January 22, 2015 (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, 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 2016
Airport operating budget totaling $931,890, of which the City's share is $465,945; and
WHEREAS, the City Council is in the process of considering the City's 2016 budget and
Ordinance No 139, 2015, which appropriates $177,500 in City funds to be transferred to the
Airport operating fund in accordance with the IGA (the "Fort Collins Contribution"); and
WHEREAS, pursuant to the IGA, the City of Loveland holds on behalf of the City of
Fort Collins the revenues of, and other financial contributions to, the Airport, in a fund
designated for the operating and capital expenses of the Airport (the "Airport Fund"); and
WHEREAS, it is the desire of the City Council to appropriate the City's share of the
necessary funds for the Airport's operating costs, totaling $465,945 for the fiscal year beginning
January 1, 2016, and ending December 31, 2016; and
WHEREAS, the Airport Manager also recommends capital expenditures totaling
$166,668 for Airport improvement projects in 2016 which will be used to complete a major
Airport improvement, including the second phase of the construction of a snow removal
equipment storage facility; and
WHEREAS, funding for the 2016 capital improvements has been identified as follows:
FAA Entitlement Grant $150,000
State Grant 8,334
Airport Revenues 8,334
Total $166,668; and
WHEREAS, the City's 50% share of the 2016 capital improvement costs, held in the
Airport Fund, is $83,334.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS as follows:
Section 1. That the City Council hereby approves and adopts the 2016 Airport
operating and capital budget (totaling $931,890 for operations and $166,668 for capital), a copy
of which is on file with the City of Fort Collins City Clerk.
Section 2. That the City Council hereby appropriates in the Airport Fund FOUR
HUNDRED SIXTY-FIVE THOUSAND NINE HUNDRED FORTY-FIVE DOLLARS
($465,945) to be expended to defray the City's share of the 2016 operating costs of the Fort
Collins-Loveland Municipal Airport.
Section 3. That the City Council,hereby appropriates in the Airport Fund EIGHTY
THREE THOUSAND THREE HUNDRED THIRTY-FOUR DOLLARS ($83,334) to be used
for the City's share of the 2016 capital improvements at the Fort Collins-Loveland Municipal
Airport.
Introduced, considered favorably on first reading, and ordered published this 3rd day of
November, A.D. 2015, and to be presented for final passage on the 17th day of November, A.D.
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Passed and adopted on final reading on the 17th day of November, A.D. 2015.
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