HomeMy Public PortalAboutAB 13-156 ARPT Hangar 213 Lease Assignment
McCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 13-156
Meeting Date Sep 12, 2013
AGENDA ITEM INFORMATION
SUBJECT:
Hangar 213 Lease Assignment
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:
Request approval for assignment of the existing lease for Hangar 213 from John P. Richardson, Gale P. Richardson and William Furling III Revocable Trust to John P. Richardson, Gale P.P.
Richardson and Furlco LLC. Following a recent transaction to establish a new lease (dated 31 July 2013) for Hangar 213, a purchaser/lessee on the existing lease has requested assignment
of this lease to allow for a change to title within the lease from “William Furling III Revocable Trust” to “Furlco LLC. Pending approval, this assignment will also serve to correct
a minor error by updating the reference of “Gale P. Richardson” to “Gale P.P. Richardson”. There is no proposed change to ownership interest within this transaction. Pending the Mayor’s
approval and signature of this lease assignment, the City Clerk will record the document, and keep a copy for the City’s records.
RECOMMENDED ACTION: Pending the receipt of completed/notarized documents, approve the assignment of lease for Hangar 213 from John P. Richardson, Gale P. Richardson and William Furling
III Revocable Trust to John P. Richardson, Gale P.P. Richardson and Furlco LLC, and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION