HomeMy Public PortalAboutAB 13-139 ARPT Hangar 202 Magee to Ryno Works Inc.
McCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 13-139
Meeting Date August 22, 2013
AGENDA ITEM INFORMATION
SUBJECT:
Hangar 202 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 202, Jack Magee, 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 Ryno Works, Inc (Ryan Miller). The purchaser has been provided with a copy of the proposed lease, current Airport Rules and Regulations, and Airport Minimum Standards.
Mr. Miller is a resident of McCall, maintains a private pilot’s license and owns a Cessna 182T (N5341G) which he intends to store in this hangar. The existing lease was entered into
on May 15, 1995, 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 $2,493.75 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 the City’s records. We have requested a $200 transaction fee as a part of this process.
RECOMMENDED ACTION:
Approve termination of the existing lease of Hangar 202 from Jack Magee at the time of closing and subsequently approve the new lease for Hangar 202 to Ryno Works, Inc. and authorize
the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION