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