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HomeMy Public PortalAboutAB 06-184 Blanket Assignment & Assumption of leases for the East Hangar ProjectMcCALL CITY COUNCIL AGENDA BILL Number Meeting Date September 28, 2006 AB 06-184 216 East Park Street McCall, ID 83638 AGENDA ITEM INFORMATION SUBJECT: Blanket procedure for the Assignment & Assumption of new individual hangar leases for the new hangar owners of the East Hangar Project 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 originator FUNDING SOURCE: N/A Library City Attorney TIMELINE: before November Grant Coordinator Other: SUMMARY STATEMENT: The developer, Hangar Solutions, is building the "East Hangar Project" and currently holds a single, temporary lease on the entire land area. When all 33 hangars are finished, the taxiway will be turned over to the city, Hangar Solutions' lease will be terminated, and, individual leases will be drafted for the new owners. Normally, the lease for a new hangar owner goes before the AAC and their recommendation is passed on to the city council. This process is in place to ensure that storage facilities on the airport are for aviation use. Since all of these new buyers are from the city's Hangar Waiting List, it would be redundant and an unnecessary amount of work to have the AAC and the City Council review and vote on each one. All lease documents will be the same except for the individual "Exhibit A" for the specific property description. RECOMMENDED ACTION: Authorize the process of blanket approval for the assignment and assumption of all leases on the hangars being built by Hangar Solutions and sold to buyers from the City's hangar waiting list. RECORD OF COUNCIL ACTION Meeting Date ACTION