HomeMy Public PortalAboutAB 14-169 McCall Avenue Lease Assignment
McCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 14-169
Meeting Date September 11, 2014
AGENDA ITEM INFORMATION
SUBJECT:
Assumption of lease for Greystone Village #3, Lot 9, Block 3, from Thomas K. Burke to Hunter and Rebecca Baumgartner
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Originator
Treasurer
Community Development
Police department
Public Works
Golf Course
COST IMPACT:
N/A
Parks and Recreation
FUNDING SOURCE:
N/A
Airport
Library
TIMELINE:
ASAP
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
The City of McCall has a lease agreement with Thomas K. Burke for a single lot on McCall Avenue. Mr. Burke is selling his home to Hunter and Rebecca Baumgartner. Accordingly, Mr. and
Mrs. Baumgartner will assume the land lease for Lot 9.
Mr. and Mrs. Baumgartner are requesting that Council waive the transfer fee. A letter from their realtor is attached with their request. In the original Ground Lease document, under
Section Three, there is a provision where the Council may reduce or waive the transfer fee. It states specifically:
Lessee further agrees, for itself, its successors, and assigns, that upon assignment of this Lease to a subsequent purchaser of the Premises, Lessee shall pay to Lessor a lease transfer
fee of $2,500.00. This fee may be reduced or waived if, in the sole discretion of the Lessor, such transfer fee would constitute a hardship upon the Lessee. Lessor shall use the criteria
developed for reduction of utility charges as a beginning point for determination whether Lessee qualifies for a complete or partial reduction in the transfer fee. Other factors to
be considered will include, but not be limited to: whether Lessee meets the criteria as a qualified person set out in Section One of this Lease, the sale price of the improvements compared
to the original purchase price and cost of other improvements, and total household income.
Attached are the Assignment of Lease and Consent to Encumbrance documents.
RECOMMENDED ACTION:
1. Waive the transfer fee and authorize the transfer of the land lease for Greystone Village #3, Lot 9, block 3, from Thomas K. Burke to Hunter and Rebecca Baumgartner.
2. Consent to allow Hunter and Rebecca Baumgartner to encumber their interest in1559 McCall Avenue, McCall, Idaho and authorize the Mayor to sign all necessary documents
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION