HomeMy Public PortalAboutAB 17-028 Lease Assignment Hangar 106AMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 17-28
Meeting Date February 9, 2017
AGENDA ITEM INFORMATION
SUBJECT:
Hangar 106A Assumption of 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
JS
Originator
Library
TIMELINE:
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
The owner of Hangar 106A, Donald Betzold, has a sale pending and would like to request assignment of the lease to Shawn Corbeil. The purchaser has been provided with a copy of the proposed
lease, current Airport Rules and Regulations, and Airport Minimum Standards. Mr. Corbeil has a private pilot license and owns a Kitfox which he intends to store in this hangar. The
lease was entered into on January 1, 1997 for a period of 20 years and is renewable for up to four (4) additional five (5) year terms. The assumption will retain the original term to
include the provision 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 $462.00 plus the annual CPI adjustment.
This is a legacy hangar and the Airport Advisory Committee has reviewed and recommends approval of the lease assignment for the term of the original lease. The AAC also recommended that
we inform Mr. Corbeil of the current Airport Master Plan which identifies this hangar for redevelopment.
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.
The Lease is attached.
RECOMMENDED ACTION:
Approve assignment of the lease of Hangar 106A from Donald Betzold at the time of closing to Shawn Corbeil and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION