HomeMy Public PortalAboutAB 23-190 McCall Avenue Home Lease transactionMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 23-190
Meeting Date September 14, 2023
AGENDA ITEM INFORMATION
SUBJECT:
Request for Assignment of Ground Lease for Greystone Village #3, Lot 5, Block 3, 1547 McCall Avenue to Joel S Tinker and Lillian C Tinker
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
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Clerk
Originator
Treasurer
Community Development
Police Department
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Golf Course
COST IMPACT:
n/a
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FUNDING SOURCE:
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Airport
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TIMELINE:
July 13, 2023
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
The City of McCall has a lease agreement with Dana and Michelle Borgquist for a single lot located at 1547 McCall Avenue. Mr. and Mrs. Borgquist are selling this home to Joel S Tinker
and Lillian C Tinker. Accordingly, Mr. and Mrs. Tinker will assume the land lease for Lot 5.
The lease transfer fee to be paid at closing by the Mr. and Mrs. Borgquist is $2,500. Joel S Tinker and Lillian C Tinker are considered “qualified buyers” and will live in the home located
at 1547 McCall Avenue and Mr. Tinker will work in the City limits of McCall, qualifying the buyers for rent of $1.00 per year already paid by Neighborhood Housing Services, Inc., a
non-profit corporation organized and existing under the laws of Idaho, having its principal office at 1401 Shoreline Drive, Boise, Idaho 83707.
Attached are the Assignment of Lease Documents.
RECOMMENDED ACTION:
Authorize the transfer of the land lease for Greystone Village #3, Lot 5, Block 3, from Dana and Michelle Borgquist to Joel S Tinker and Lillian C Tinker and authorize the Mayor to sign
all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION