HomeMy Public PortalAbout2023.06.30 LTR Borgquist
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June 30, 2023
Dana and Michelle Borgquist
PO Box 2368
McCall, ID 83638
RE: 1547 McCall Ave, McCall, ID 83638
Dear Mr. and Mrs. Borgquist,
This letter is to inform you that an appraisal of your lot was conducted in 2022 and the value was
determined to be $178,000. As per your lease an appraisal may be done every 5 years to
determine fair market value. An appraisal has not been conducted since 2010. If you would like a
copy of the appraisal report, you may request it in writing to me via email at
bwagner@mccall.id.us.
We currently show that you are considered a qualified buyer as per your lease agreement. Below
are the qualifications to be eligible to lease the Real Property without having to pay the
additional annual rent. If you are still considered qualified, please send me a copy of your voter
registration, hunting or fishing license or other evidence of residency as required by your lease.
If you cannot provide such evidence then you will be obligated to pay the annual rent of $8900
starting January 1, 2024. This annual rent may be paid as a lump sum or in twelve (12) monthly
installments of $741.67.
SECTION ONE. DEMISE, DESCRIPTION, AND USE OF PREMISES
A. Qualified Persons. To qualify for and be eligible to lease the Real Property without having to
pay additional annual rent equal to five percent (5%) of the value of the Real Property, at least
one member of the household residing in the Premises must, at all times, meet the following
criteria and evidence of the following must be provided to Lessor:
1. Employment and/or residency in Valley and/or Adams Counties. At least one non-
dependent member of the household must meet one of the following criteria:
a. Be a full-time employee (that is, a person who is employed on the basis of a
minimum of 1,500 hours worked per calendar year) working in Valley and/or
Adams Counties; OR
b. Be a senior person (that is, sixty-five [65] years or older); OR
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c. Be a disabled person (that is, a person who meets the definition of such under the
Social Security Administration regulations); OR
d. Be the former spouse of any such employee; senior, or disabled person, or a
dependent thereof who had been living in the Premises with that qualified
employee, senior, or disabled person.
2. The household shall occupy the unit as its primary residence which is defined as the
residence within which the occupants reside not less than nine months out of each
calendar year and evidenced by voter registration, hunting or fishing license or other
evidence of residency.
B. Qualified Local Employers, defined below, are recognized as important partners in the
creation and ownership of community/workforce housing. A qualified Local Employer may
purchase the Premises for use as rental housing for such qualified Local Employer's employee(s)
without having to pay Additional Rent.
C. To remain eligible to reside on the Premises without having to pay additional annual rent
equal to five percent (5%) of the value of the Real Property, the Lessee must meet the criteria set
forth in Section 1(A) or 1(B).
If you have any questions, please feel free to contact me directly.
Sincerely,
BessieJo Wagner, CMC | City Clerk |ADA Coordinator
216 E Park Street | McCall | ID 83638
Direct: 208.634.4874 | Fax: 208.634.3038