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HomeMy Public PortalAboutAB 06-129 Hangar Solutions Hangar Lease Assignment-AssumptionMcCALL CITY COUNCIL AGENDA BILL Number AB 06-129 Meeting Date July 13, 2006 216 East Park Street McCall, ID 83638 AGENDA ITEM INFORMATION SUBJECT: To transfer the assignment of the Hangar Solutions lease with the City of McCall to Idaho First Bank Approvals: Department/ Committee/Individual Initials Remarks (Originator/ Support) Mayor / Council City Manager Community Development Treasurer Clerk Police Department Public Works Golf Operations Parks & Recreation COST IMPACT: N/A Airport FUNDING SOURCE: N/A Library City Attorney TIMELINE: ASAP Grant Coordinator Other: SUMMARY STATEMENT: City Council approved the lease between Hangar Solutions and the City of McCall on June 8, 2006, and recommended approval of the amended lease with changes to Exhibit A on July 13, 2006. Idaho First Bank is providing financial support to Hangar Solutions and wants to have their name on the lease. RECOMMENDED ACTION: Approve the assignment and assumption of the amended lease, as approved on July 13, 2006, from Hangar Solutions to Idaho First Bank, and authorize the Mayor to sign all necessary documents. RECORD OF COUNCIL ACTION Meeting Date ACTION