HomeMy Public PortalAboutAB 13-123 ARPT.Hangar213.Wolfe toRichardsonFurling
McCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 13-123
Meeting Date July 25, 2013
AGENDA ITEM INFORMATION
SUBJECT:
Hangar 213 Lease Termination and Establishment of a New Lease
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Treasurer
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
Parks and Recreation
FUNDING SOURCE:
Airport
Originator
Library
TIMELINE:
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
The owner of Hangar 213, Wolfe Properties & Investments, LLC, has a sale pending and would like to request termination of the existing lease at the time of closing with a subsequent
request for establishment of a new lease to John P. Richardson and Gale P. P. Richardson, husband and wife, and William Furling III Revocable Trust. The purchasers have been provided
with a copy of the proposed lease, current Airport Rules and Regulations, and Airport Minimum Standards. Mr. Richardson holds an ATP certification and Mr. Furling holds a commercial
pilot certification. Two aircraft will be stored in the hangar: N786JP/Scout and N508WL/C-170. The existing lease, a copy of which is attached, was entered into on April 9, 2004, for
a period of 20 years and is renewable for up to four (4) additional five (5) year terms. The proposed new lease matches these terms stipulating a period of 20 years and is renewable
for up to four (4) additional five (5) year terms. The annual lease rate will be aligned to the current rate, $.35 per square foot for both covered area and bare ground, resulting in
an annual lease fee of $4,987.50 plus the annual CPI adjustment. Pending the Mayor’s approval and signature of the new lease, the City Clerk will record the document, and keep a copy
for our files. We have requested a $200 transaction fee as a part of this process.
RECOMMENDED ACTION:
Approve termination of the existing lease of Hangar 213 from Wolfe Properties & Investments LLC at the time of closing and subsequently approve the new lease for Hangar 213 to John P.
Richardson, Gale P. P. Richardson, and William Furling III Revocable Trust and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION