HomeMy Public PortalAboutAB 18-230 ARPT Hangar 608 Consent to Assignment Form
McCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 18-230
Meeting Date September 27, 2018
AGENDA ITEM INFORMATION
SUBJECT:
Request to Approve the Consent to Assignment of Lease for Hangar 608
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
/
Clerk
Treasurer
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
N/A
Parks and Recreation
FUNDING SOURCE:
N/A
Airport
Originator
Library
TIMELINE:
Immediate
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
Idaho First Bank has requested consideration for issuance of a landowner’s consent to assignment for Hangar 608. A landlord’s consent to assignment of a lease allows a lender, Idaho
First Bank in this case, to step into the position of the lessee should the lessee default or be in danger of defaulting upon the lease agreement for this hangar. In the scenario of
a default, the lender then becomes the lessee until the defect is cured, and the lender fulfills the terms of the lease agreement. The attached consent form was prepared by Idaho First
Bank.
RECOMMENDED ACTION:
Approve the Landlord’s Consent to Assignment of Hangar 608 and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION