HomeMy Public PortalAboutAB 21-050 Hangar 104 new lease and lease cancellationMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 21-050
Meeting Date February 25, 2021
AGENDA ITEM INFORMATION
SUBJECT:
Request to Approve Hangar 104 Lease for the McCall Youth Learning Aviation Foundation and cancel the existing Hangar Lease of the Carter Family Trust
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Treasurer
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
$200 fee revenue
Parks and Recreation
FUNDING SOURCE:
none
Airport
Originator
Library
TIMELINE:
June 15, 2020
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
The Carter Family Trust has donated Hangar 104 (aka the Pioneer Hangar) to the McCall Youth Learning Aviation Foundation. A request has been made to execute a new a Hangar 104 lease
for the McCall Youth Learning Aviation Foundation and cancel the existing Hangar lease of the Carter Family Trust.
Dr. Levi Johnson, President of the McCall Youth Learning Aviation Foundation, has submitted a written request to lower the lease payment below that set by the Council due to the Foundation
supporting education in McCall. That request is pending legal and staff review. The 2020 Airport Rates and Charges resolution sets the new lease rate at $0.3127 per square foot per
annum. The current rate (from the 2017 Rates and Charges resolution, including CPI adjustments) is $0.429 sf/yr. The current annual payment is $10,957.53.
The existing lease consists of 25,566.5 square feet of property. The new annual payment will be $7,994.64 (a net decrease of $2,962.89 to the airport fund). The lease is in the first
5-year renewal term, and will expire on June 30, 2040 if all renewals are undertaken. The new lease will increase the term from the remaining 19 years to 40 years (including renewals).
Staff will work with the broker/agent to compensate for the differences between the old and new lease payments. McCall Mountain Canyon Flying Seminars LLC and the MYL High Flying Club
will remain as tenants.
The purchaser has been provided with a copy of the current lease, current Airport Rules and Regulations, and Airport Minimum Standards. The City Clerk will record the document, and keep
a copy for the City’s records. Staff has requested a $200 transaction fee and the lease has been reviewed by the City Attorney.
Attachments: New Hangar 104 Lease and Hangar 104 Lease cancellation
RECOMMENDED ACTION:
Approve the Hangar 104 Lease for the McCall Youth Learning Aviation Foundation, cancel the existing Hangar Lease of the Carter Family Trust, and authorize the Mayor to sign all relevant
documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION
12/17/2020
Resolution 20-23, AB 20-311, Airport Rates and Charges