HomeMy Public PortalAboutAB 23-129 Hangar 702 The Edward F. O'Gara Family Trust
McCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 23-129
Meeting Date June 29, 2023
AGENDA ITEM INFORMATION
SUBJECT:
Request to Approve Lease Termination and Grant a New Lease on Hangar 702 for the Edward F. O’Gara Family Trust
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Treasurer
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
$4,455.98 + CPI per annum, new lease fee $300, lease termination fee $50
Parks and Recreation
FUNDING SOURCE:
none
Airport
Originator
Library
TIMELINE:
July 19, 2023
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
The Edward F. O’Gara Family Trust signed a 20-year hangar lease on May 1, 2001. That lease ended May 1, 2021. The trust was recently made aware that they are in the second year of the
first five-year extension of their assumed lease. In lieu of continuing with extensions to the original lease from 2001, the Airport Manager encouraged the lessee to start a new lease
with updated and approved language.
The 2020 Airport Rates and Charges Resolution sets the lease rate at $.3127 per square foot per annum. The hangar and bare ground totals 14,250 square feet. A CPI adjustment will occur
on October 1, 2023 and will be invoiced at the newly calculated rate when annual hangar invoices are issued in November.
Representatives of The Edward F. O’Gara Family Trust have 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. The lessee will pay a $300 new lease fee and a $50 lease termination fee. The new lease has been reviewed by the
City Attorney. The Airport Advisory Committee has reviewed the request and recommends that City Council approve The Edward F. O’Gara Family Trust’s lease termination and approve new
The Edward F. O’Gara Family Trust’s lease on Hangar 702.
Attachments: Hangar 702 Lease Termination – The Edward F. O’Gara Family Trust, Hangar 702 New Lease – The Edward F. O’Gara Family Trust, H702 Survey, Airport Minimum Standards, Rules
and Regulations, and Rates and Fees
RECOMMENDED ACTION:
Approve Lease Termination and Grant a New Lease on Hangar 702 for the Edward F. O’Gara Family Trust and authorize the Mayor to sign all related documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION
12/17/2020
Resolution 20-23, AB 20-311, Airport Rates and Charges