HomeMy WebLinkAbout1984-132-09/04/1984-AUTHORIZING THE MAYOR TO ENTER INTO AN AGREEMENT WITH TRIAD DEVELOPMENT CORPORATION PROVIDING FOR TH RESOLUTION 84-132
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE MAYOR OF THE CITY OF FORT COLLINS
TO ENTER INTO AN AGREEMENT WITH TRIAD DEVELOPMENT
CORPORATION PROVIDING FOR THE CONSTRUCTION OF
TAXIWAY IMPROVEMENTS AND THE GRANTING OF AN EASEMENT
UPON AIRPORT PROPERTY
WHEREAS, Triad Development Corporation desire is developing an indus-
trial airpark adjacent to the Fort Collins-Loveland Airport which is
dependent upon access to the Fort Collins-Loveland Airport; and
WHEREAS, on May 4, 1982, the Cities of Fort Collins and Loveland and
Triad Development Corporation executed a Taxiway Improvement and Easement
Agreement to facilitate the development of the industrial airpark; and
WHEREAS, the previous Taxiway Improvement and Easement Agreement has
expired as the granting of the Deed of Easement to Triad Development
Corporation was contingent upon the commencement of construction by Triad
of the improvements described in the Agreement no later than two (2) years
after the date of the Agreement; and
WHEREAS, the Cities and the Fort Collins-Loveland Airport Authority
maintain that Triad's project is reasonable and proper and will benefit the
operations of the Airport and in the improvement and natural development of
the Airport; and
WHEREAS, the parties desire to execute another agreement to extend the
terms of the previous Taxiway Improvement and Easement Agreement .
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the Mayor of the City of Fort Collins be, and he hereby is,
authorized to enter into an agreement with Triad Development Corporation,
Inc. and the City of Loveland, Colorado, whereby an easement and right
-of-way for aircraft and ground service vehicles upon the property of the
Fort Collins-Loveland Airport is granted to Triad Development Corporation,
Inc.
BE IT FURTHER RESOLVED that in consideration for the granting of said
easement to the Triad Development Corporation, Inc. , Triad shall agree to
construct and bear the initial cost for taxiway improvements upon said
easements with the maximum of 50% of said costs to be refunded to Triad by
the Cities of Fort Collins and Loveland upon the development of adjacent
property to be served by the taxiway located on the Fort Collins-Loveland
Airport and Triad shall further agree to a method whereby the Fort Collins-
Loveland Airport shall be reimbursed for a portion of the maintenance costs
incurred in the maintenance of said taxiway improvements.
•
FURTHER, Triad shall agree to such other provisions as deemed neces-
sary by the Fort Collins-Loveland Airport.
1984.
Passed and adopted on final reading this 4th day of September, A.D.
Mayor
ATTEST: ` I
city
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