HomeMy Public PortalAboutAB 17-282 Ten Year Lease Extension - Mile High Marina
McCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 17-282
Meeting Date December 14, 2017
AGENDA ITEM INFORMATION
SUBJECT:
Request to Approve the 10 Year Lease Extension Agreement with Mile High Marina
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Treasurer
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
Revenue (4% of gross annual boat slip rental)
Parks and Recreation
KW
Originator
FUNDING SOURCE:
Percentage of marina’s annual gross boat slip rental.
Airport
Library
TIMELINE:
December 31, 2017
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
Renewal of Mile High Marina’s ten year land lease agreement with the City of McCall has come due. The current Lease is as follows: The West boundary of lakeshore Boulevard, being the
high water mark of Big Payette Lake between the extension of the North boundary line of lot 5, block 4, McCall, first addition to the Village of McCall, Idaho, as extended westerly
to the high water mark of Big Payette Lake and the South boundary line of lot 1 of said block 4, extended westerly to the west boundary line of said Big Payette Lake (the “Leased Premises”).
For informational purposes, the Leased Premises consists of improved and unimproved real property adjacent to lands leased by Lessee under a State of Idaho Department of Lands Lease
(“Submerged Land Lease”)
The 10 year lease extension to the original lease dated May 12, 2005 has minor changes to the previous 10 year extension dated December 31, 2007. Changes include the addition of Sections
3 and 4. Section 3 adds a provision for compliance with state and local laws, and Section 4 describes the verified report of gross receipts and a deadline for Lessee to submit such
reports. Staff requests the Council to review the terms of the proposed extension. Both the current 2007 lease extension and draft extension are attached.
RECOMMENDED ACTION:
Approve the ten year lease extension with Mile High Marina LLC and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION
November 9, 2017
Council reviewed and discussed the terms of the existing lease and directed staff to draft a new lease.