HomeMy Public PortalAboutAB 21-227 Hangar 543 new lease and lease cancellationMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 21-227
Meeting Date September 9, 2021
AGENDA ITEM INFORMATION
SUBJECT:
Request for Approval of a new Hangar 543 Lease for Mike Weiss and terminate the existing Hangar Lease of the Ray Glass Jr. 1995 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:
October 1, 2021
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
A request has been made by the Ray Glass Jr. 1995 Trust to cancel the existing Hangar 543 ground lease and execute a new lease for Mike Weiss.
The 2020 Airport Rates and Charges resolution sets the lease rate at $0.3127 per square foot per annum. A CPI adjustment will occur on October 1, 2021 and will be invoiced at the newly
calculated rate.
The existing lease consists of 1,512 square feet of property. At the current rate, the annual lease payment is $461.90. This lease payment will increase slightly after the CPI adjustment.
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 543 Lease and Hangar 543 Lease termination
RECOMMENDED ACTION:
Approve the new Hangar 543 Lease for Mike Weiss and terminate the existing Hangar Lease of the
Ray Glass Jr. 1995 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