HomeMy Public PortalAboutAB 17-197 McCall Avenue Home Lease transactionMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 17-197
Meeting Date September 14, 2017
AGENDA ITEM INFORMATION
SUBJECT:
Greystone Village #3, Lot 7, Block , 1551 McCall Avenue, Request of Lease Termination and Establishment of a New Lease
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Originator
Clerk
Treasurer
/
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
n/a
Parks and Recreation
FUNDING SOURCE:
n/a
Airport
Library
TIMELINE:
October 1, 2017
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
The owner of 1551 McCall Avenue, Raymond A. Waldsmith has recently passed away. His estate, Waldsmith Estate, 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 Gregg Eames. Upon their request the purchasers have been provided a copy of the proposed attached
Amended and Restated Ground Lease V2.
With this transaction the City will receive a $2500 transfer fee.
RECOMMENDED ACTION:
Approve termination of the existing lease of 1551 McCall Avenue from Raymond A. Waldsmith at the time of closing and subsequently approve the new Amended and Restated Ground Lease V2
for Greystone Village #3, Lot 7, Block 3, 1551 McCall Avenue, to Gregg Eames and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION