Title
A Resolution Authorizing the Disposal of City Real Property to the Colorado Department of Transportation ("CDOT")
Presenter:
Greg Phillips, Director of Aviation
Colorado Springs Airport
Boy
Summary:
The Colorado Springs Municipal Airport ("Airport") requests City Council authorize the transfer of approximately 3,073.7 square foot parcel of land to the Colorado Department of Transportation ("CDOT"). The transfer will facilitate the continued development of the Airport's business park known as Peak Innovation Park and relieve the burden of storm water facilities management and maintenance associated with the Powers Boulevard and Grinnell Boulevard intersection.
Background:
The property situated at the south end of Peak Innovation Park adjacent to the Powers Boulevard and Grinnell Boulevard intersection, right-in deceleration lane. In 1970 the City purchased the Property (with the assistance of federal funding) as part of a larger parcel for the purpose of noise abatement and runway protection.
On June 14, 2004, the Federal Aviation Administration (FAA) released 1546.8981 acres of land that is now known as Peak Innovation Park land, which includes the Property, from aeronautical use regulations. Thereafter, the Airport began developing Peak Innovation Park into a "Class A" business park (the "Development") as a means to further civil aviation and diversify its revenue so that the Airport is as self-sustainable as possible and as required by FAA regulations. As part of the Development, including the 70 acre land transaction known as the Amazon Fulfillment Center, the intersection of South Powers Boulevard and Grinnell Boulevard must be widened and a right-in, deceleration lane will be constructed on Airport land to accommodate the traffic needs of the business park. As part of the intersection improvements, the Airport will construct drainage system improvements, including a concrete box culvert and associated head-walls and wing-walls ("Drain...
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