HomeMy Public PortalAboutAB 20-347 Hangar 550 LeaseMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 20-347
Meeting Date December 17, 2020
AGENDA ITEM INFORMATION
SUBJECT:
Request to Approve a New Lease for Hangar 550 with Central Coast Emergency Physicians Inc. 401(k) Profit Sharing Trust FBO Thomas Ronay, Thomas G. Ronay et al, Trustees and Terminate
the existing Hangar 550 Lease with Joseph F. McDonough and Anne E. McDonough.
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:
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
Hangar 550 has been purchased by Central Coast Emergency Physicians, Inc. The new owner has requested a new lease. The existing lease consists of 1,512 square feet of property. The
current lease rate is $0.305, or $461.90 annually. The FY21 lease payment has not been received at the time of this writing. The new lease will be effective October 1, 2020 for a period
of 20 years, with an additional 2 (two) 10-year options.
The McDonoughs have requested a Hangar 550 lease termination.
The purchaser has been provided with a copy of the current lease, current Airport Rules and Regulations, and Airport Minimum Standards. Staff has requested a $200 transaction fee. The
contract has been reviewed, and comments incorporated, by the City Attorney.
Attachments:
New Hangar 550 Lease
Hangar 550 lease termination
RECOMMENDED ACTION:
Approve a New Lease for Hangar 550 with Central Coast Emergency Physicians Inc. 401(k) Profit Sharing Trust FBO Thomas Ronay, Thomas G. Ronay et al, Trustees and Terminate the existing
Hangar 550 Lease with Joseph F. McDonough and Anne E. McDonough, and to authorize the Mayor to sign all relevant documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION