HomeMy Public PortalAboutAB 17-018 Airport Lease Rates
McCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 17-18
Meeting Date January 26, 2017
AGENDA ITEM INFORMATION
SUBJECT:
Airport Hangar Lease Rates Discussion
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 current lease rates for airport hangars were set in 2007 with Resolution 7-12 at a blended rate of $.35/sq ft. The Airport Advisory Committee has conducted a review of the rates
to include two studies by Valbridge Property Advisors which provides recommendations for both a split-rate (separate rates for covered and uncovered ground) and blended rate (single
rate for ground whether covered or uncovered). The appraisal reports from Valbridge Property Advisors recommend a split-rate of $.30 for covered and $.18 for uncovered, or a blended
rate of $.30 for covered and un-covered parcel. Following review of the reports, the AAC has recommended a blended rate of $.25/sq ft. This presentation will include information from
the appraisals, financial information on the proposed and current rates, impacts of the proposed rates to airport operations, discussion of current fees, and opportunities for additional
airport income.
Attachments:
PowerPoint
Lease Rate Analysis Summary
Valbridge Land Rent Survey
Valbridge Airport Tie Down and Land Rent Survey
RECOMMENDED ACTION:
For initial discussion and direction of the City Council.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION