HomeMy Public PortalAboutAB 20-118 Hangar 542 Lease TransferMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 20-118
Meeting Date April 23, 2020
AGENDA ITEM INFORMATION
SUBJECT:
Request to Approve a New lease for Hangar 542
for Timothy McGahey & Jill McGahey and
Terminate the existing Hangar 542 lease
assignment for 9G Enterprises
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 Parks and Recreation
FUNDING
SOURCE:
none Airport Originator
Library
TIMELINE: May 1, 2020 Information Systems
Grant Coordinator
SUMMARY STATEMENT:
Timothy McGahey & Jill McGahey are purchasing Hangar 542 from 9G Enterprises. Therefore, Timothy
McGahey & Jill McGahey have requested a new lease for Hangar 542 and to terminate the existing lease
with 9G Enterprises.
The existing lease consists of 1,512 square feet of property. The annual Hangar Lease payment of $454.63
is paid up through September 30, 2020. The rate for next year will be determined when the annual CPI index
is published in September.
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. Staff has requested a $200 transaction fee.
The contract has been reviewed by the City Attorney.
Attachments:
• New Hangar 542 Lease
• Previous Hangar 542 Lease cancellation
RECOMMENDED ACTION:
Approve the new lease for Timothy McGahey & Jill McGahey and terminate the existing Hangar 542 lease
assignment for 9G Enterprises and to authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE ACTION