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HomeMy Public PortalAboutAB 20-056 Hangar 553 LeaseMcCALL CITY COUNCIL 216 East Park Street AGENDA BILL McCall, Idaho 83638 Number AB 20-056 Meeting Date February 27, 2020 AGENDA ITEM INFORMATION SUBJECT: Request to Approve a New Lease for Hangar 553 for James L. Mullett & Cynthia C. Mullett and Terminate the existing Hangar 553 lease for Timothy Turnbull & Madeline Turnbull. Department Approvals Initials Originator or Supporter Mayor / Council City Manager Clerk Treasurer Community Development Police Department Public Works Golf Course COST IMPACT: $200 transaction fee revenue $59.34 refund due to new lease rate Parks and Recreation FUNDING SOURCE: Airport Originator Library TIMELINE: April 1, 2020 Information Systems Grant Coordinator SUMMARY STATEMENT: James L. Mullett & Cynthis C. Mullett (currently leasing Hangar 608) and Timothy Turnbull & Madeline Turnbull (Hangar 553) have requested to switch hangars. Therefore, James L. Mullett & Cynthis C. Mullett request a new lease for Hangar 553, and to terminate the existing lease with Timothy and Madeline Turnbull. The existing Hangar 553 lease consists of 1,530 square ft (sf) of property leased at $0.382 sf/year. The existing FY 2020 ground lease payment of $577.68 has been paid through September 30, 2020. The new Hangar 553 lease will be $0.30 sf/year for a lease payment of $459.00. A refund of $59.34 will be made in accordance with the new lease. The purchaser has been provided with a copy of the current lease, current Airport Rules and Regulations, and Airport Minimum Standards. The City Clerk will record the document, and keep a copy for the City’s records. We have requested a $200 transaction fee as a part of this process. The assumption is attached. The lease has been reviewed and approved by the City Attorney. RECOMMENDED ACTION: Approve the new Lease for Hangar 553 for James L. Mullett & Cynthia C. Mullett, terminate the existing lease for Hangar 553 with Timothy Turnbull & Madeline Turnbull, and authorize the Mayor sign all the necessary documents. RECORD OF COUNCIL ACTION MEETING DATE ACTION