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HomeMy WebLinkAbout1982-039-04/06/1982-AUTHORIZING THE MAYOR TO ENTER INTO AN AGREEMENT WITH TRIAD DEVELOPMENT CORPORATION PROVIDING FOR TH RESOLUTION 82- 39 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 WHEREAS, Triad Development Corporation' s desire to develop an indus- trial airpark adjacent to the Fort Collins - Loveland Airport is dependent upon access to the Fort Collins - Loveland Airport, and WHEREAS, it is beneficial to the Fort Collins - Loveland Airport that an industrial airpark be located adjacent to the Airport, and WHEREAS, the Fort Collins - Loveland Airport Ad Hoc Committee has recommended that the cities of Fort Collins and Loveland enter into a con- tract with Triad Development Corporation for the development of said industrial airpark NOW, THEREFORE, BE IT RESOLVED THAT THE MAYOR OF THE CITY OF FORT COLLINS is hereby authorized to enter into an agreement with Triad Develop- ment 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 Ad Hoc Committee in order to preserve the economic integrity of the Fort Collins - Loveland Airport Passed and adopted at a regular meeting of the Council of the City of Fort Collins held this 6th day of April , 1982 ATTEST Mayor City Clerk