HomeMy Public PortalAboutAB 18-266 Hangar 535 Lease CoxMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 18-266
Meeting Date October 25, 2018
AGENDA ITEM INFORMATION
SUBJECT:
Request to Approve a New Lease for Hangar 535
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:
N/A
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
The owner of Hangar 535, Benita Sloat is in the process of selling to Robert D. Cox. Staff has prepared a new lease as the new owner requested.
The purchaser has been provided with a copy of the current lease, current Airport Rules and Regulations, and Airport Minimum Standards. The annual lease rate is $.31 per square foot
for a 1,539 sq. ft. leasehold $477.09 in the initial year. The FY 2018 lease rate was $.283 for improvements totalling $427.84 annually.
This is a Non-commercial hangar and as such was not required to meet the Airport Advisory Committee.
The City Clerk will record the document, and keep a copy for the City’s records. Staff has requested a $200 transaction fee as a part of this process. The lease is attached.
RECOMMENDED ACTION:
Approve the lease of the Hangar 535 by Robert D. Cox, terminate Benita Sloat’s interest in the lease at time of closing and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION