HomeMy Public PortalAboutAB 19-226 Hangar Lease Assumption 550McCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 19-226
Meeting Date October 24, 2019
AGENDA ITEM INFORMATION
SUBJECT:
Request to Approve the Assumption of Hangar 550 Lease by Joseph F. McDonough & Anne E. McDonough and Terminate Individual Interest of Paul Schaetzel & Laurie Birch in the Lease at Time
of Closing
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:
Paul Schaetzel & Laurie Birch wish to assign the lease of Hangar 550 grounds to Joseph F. McDonough & Anne E. McDonough. The FY20 lease rate is .301/sq ft covered ground. This leasehold
has 1,512sq ft covered ground making the lease amount $454.63.
The initial term of the lease ends February 6, 2027 with the opportunity for four (4) five (5) year lease extensions.
This lease assumption was assessed a $200 processing fee.
Attachment: Lease Assignment
RECOMMENDED ACTION:
Approve the Assumption of Hangar 550 Lease by Joseph F. McDonough & Anne E. McDonough and terminate individual interest in the lease at Time of Closing and authorize the Mayor to sign
all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION