HomeMy Public PortalAboutAB 13-157 ARPT Hangar 544 Al Hoyt to NW Development Mgmt Group LLC
McCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 13-157
Meeting Date September 12, 2013
AGENDA ITEM INFORMATION
SUBJECT:
Hangar 544 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 544, Allen Hoyt, 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 Northwest Development Management Group LLC (William Hardt). The purchaser has been provided with a copy of the proposed lease, current Airport Rules and Regulations,
and Airport Minimum Standards. Mr. Hardt is a private pilot and owns a Maule M7 (N459BH), which he plans to store within this hangar. The existing lease was entered into on December
28, 2006, 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 $535.50 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 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 544 from Allen Hoyt at the time of closing and subsequently approve the new lease for Hangar 544 to Northwest
Development Management Group LLC, and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION