HomeMy Public PortalAboutAB 16-25 ARPT Hangar 204 Consent to Assignment Form
McCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 16-25
Meeting Date January 28, 2016
AGENDA ITEM INFORMATION
SUBJECT:
Approval Request for Consent to Assignment of Lease for Hangar 204, Mike and Beverly Anderson
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Treasurer
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
N/A
Parks and Recreation
FUNDING SOURCE:
N/A
Airport
Originator
Library
TIMELINE:
Immediate
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
Mike and Beverly Anderson, owners of Hangar 204, are coordinating use of this privately owned hangar as collateral through Idaho First Bank. Idaho First Bank has requested consideration
for issuance of a landowner’s consent to assignment for completion of this process. A landlord’s consent to assignment of a lease allows a lender, Idaho First Bank in this case; to
step into the position of the lessee should the lessee default or be in danger of defaulting upon the lease agreement for this hangar. In the scenario of a default, the lender then
becomes the lessee until the defect is cured, and the lender fulfills the terms of the lease agreement. The enclosed consent form was prepared by Idaho First Bank.
RECOMMENDED ACTION:
Approve the Landlord’s Consent to Assignment of Hangar 204 for Mike and Beverly Anderson and authorize the Mayor to sign any and all documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION