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AGENDA RECOMMENDATION |
Consent Calendar 6.Q.
City Council Regular Meeting
- Meeting Date:
- 04/13/2026
Agenda Item:
Resolution amending the 2026 Fee Schedule related to the Airport.
Recommendation/Action(s):
Adoption of the attached resolution.
Summary:
The Airport Layout Plan – Terminal Area Future sheet 16 of 21, is an illustration of the fully developed airport and includes areas for private hangar establishment. One private hangar currently exists (Hermel, Building 5152 South) and the lease needs updating.
Staff hired North Star’s David Schooff, Broker of Record, to establish a Broker Opinion of Value for this purpose. The following properties were used as comparable based on amenities, square footage, finish, common elements, and lease structures.
The result of this establishment will improve administrative efficiencies and increase public transparency. This aligns with the Strategic Plan Goal 2: Sustainable Infrastructure and Goal 5: Economy.
Staff hired North Star’s David Schooff, Broker of Record, to establish a Broker Opinion of Value for this purpose. The following properties were used as comparable based on amenities, square footage, finish, common elements, and lease structures.
- Northern Colorado Regional Airport (Loveland/Fort Collins)
- Bozeman/Yellowstone International Airport
- Auburn University Regional Airport, Alabama
| AIRPORT | CURRENT | RECOMMENDED |
| Class A Hangar Rent (per square foot) | $3.76 | $3.76 |
| Class B Hangar Rent (per square foot) | $3.28 | $3.28 |
| Class C Hangar Rent (per square foot) | $1.87 | $1.87 |
| Class C Office Space (per square foot) | $8.00 | $8.00 |
| Ground Lease (per square foot) | $0.40 | |
| Common Area Maintenance (CAM) (Based on Class C Hangar Rent) |
5% | 5% |
| Fuel Flowage Fee (per gallon) | $0.12 | $0.12 |
The result of this establishment will improve administrative efficiencies and increase public transparency. This aligns with the Strategic Plan Goal 2: Sustainable Infrastructure and Goal 5: Economy.