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HomeMy Public PortalAboutAB 07-169 McCall Aviation name Change to Aviation Properties LLC McCALL CITY COUNCIL 216 East Park Street AGENDA BILL McCall, ID 83638 Number AB 07-169 Meeting Date September 13, 2007 AGENDA ITEM INFORMATION Approvals: Department/ Initials Remarks SUBJECT: Lease name change/Assignment and Committee/Individual (Originator/ Assumption of Lease from McCall Aviation, Inc. to Support) Aviation Properties LLC. Mayor / Council City Manager Airport City Clerk, Deputy Clerk Community Development Grant Coordinator Golf Operations Library Parks Police Department COST IMPACT: None Public Works Recreation FUNDING SOURCE: Not Applicable Treasurer City Attorney TIMELINE: September 2007 Other SUMMARY STATEMENT: Aviation properties LLC is the owner of the building that sits on the leasehold for the primary FBO which lease is under the name of McCall Aviation, Inc. Aviation Properties leases the building to McCall Aviation, but doesn’t ‘control’ the underlying land lease. In retrospect, Mr. Scott indicates that he should have set the lease up under Aviation Properties LLC when he purchased the business and had the lease transferred to Aviation Properties LLC five years ago. Dan Scott wholly owns Aviation Properties LLC. This appears to be a housekeeping matter. It is appropriate that this lease name be approved by City Council to assure that this is properly documented. This request has been reviewed by the Airport Advisory Committee and recommended for approval by City Council. RECOMMENDED ACTION: That the name on the McCall Aviation Lease be changed to Aviation Properties LLC and that Aviation Properties LLC assume the McCall Aviation, Inc. lease agreement. RECORD OF COUNCIL ACTION Meeting Date ACTION