HomeMy WebLinkAbout138 - 11/18/2014 - AUTHORIZING THE APPROPRIATION OF 2015 FISCAL YEAR OPERATING AND CAPITAL IMPROVEMENT FUNDS FOR THE FO ORDINANCE NO. 138, 2014
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE APPROPRIATION OF 2015 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, in accordance with the Intergovernmental Agreement, dated May 16, 2000,
between the Cities for 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, 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, 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 bemade 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 2015
Airport operating budget totaling $844,530, of which the City's share is $422,265; 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 the Airport's operating costs, totaling
$422,265, for the fiscal year beginning January I, 2015, and ending December 31, 2015; and
WHEREAS, the Airport Manager also recommends capital expenditures totaling
$885,000 to complete major Airport improvement projects in 2015, including the rehabilitation
of roadways and, the second phase of the construction of a snow removal equipment storage
facility; and
WHEREAS. funding for the 2015 capital improvements has been identified as follows:
FAA Entitlement Grant $150.000
State Grant 400,000
Airport Revenue 335.000
Total $885.000
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WHEREAS, the City's 50% share of the 2015 capital improvement costs is $442,500.
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 2015 Airport operating budget.
Section 2. That the City Council hereby authorizes the appropriation of FOUR
HUNDRED TWENTY-TWO THOUSAND TWO HUNDRED SIXTY-FIVE DOLLARS
($422,265) to be expended to defray the 2015 operating costs of the Fort Collins-Loveland
Municipal Airport.
Section 3. That the City Council hereby authorizes the appropriation of FOUR
HUNDRED FORTY-TWO THOUSAND FIVE HUNDRED DOLLARS ($442,500) to be used
for 2015 capital improvements at the Fort Collins-Loveland Municipal Airport.
Introduced, considered favorably on first reading, and ordered published this 21st day of
October, A.D. 2014, and to be presented for final passage on the 18th day of November, A.D.
2014.
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City Clerk
Passed and adopted on final reading on the 18th day of November, A.D. 2014.
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