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HomeMy Public PortalAboutAB 19-233 Hangar Lease 550 McDonough McCALL CITY COUNCIL 216 East Park Street AGENDA BILL McCall, Idaho 83638 Number AB 19-233 Meeting Date October 24, 2017 AGENDA ITEM INFORMATION  SUBJECT: Request to Approve the Termination and Establishment of a New Lease for Hangar 550 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 new owners of Hangar 522, Joseph F. McDonough & Anne E. McDonough have requested a new lease. The purchaser has been provided with a copy of the proposed lease, current Airport Rules and Regulations, and Airport Minimum Standards. The annual lease rate is $.301 per square foot for a 1512 sq. ft. leasehold ($454.63.00). This is a non-commercial hangar and as such was not required to meet the Airport Advisory Committee. Once approved, 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 termination of the existing lease with Paul Schaetzel & Laurie Birch and subsequently approve the new lease with Joseph F. McDonough & Anne E. McDonough for Hangar 550 and authorize the Mayor to sign all necessary documents.  RECORD OF COUNCIL ACTION  MEETING DATE ACTION