HomeMy Public PortalAboutAB 09-172 Restated Ground Lease Discussion (2)McCALL CITY COUNCIL
AGENDA BILL
Number
Meeting Date
216 East Park Street
McCall, ID 83638
AB 09-172
August 27, 2009
AGENDA ITEM INFORMATION
SUBJECT:
Amended Ground Lease with Neighborhood Housing
Services for the Remaining McCall Avenue Homes
Approvals: Department/
Committee/Individual
Initials
Remarks
(Originator/
Support)
Mayor /Council
City Manager
Community Development
Treasurer
Clerk, Deputy City Clerk
f' LI
originator
Police Department
Public Works
Golf Operations
REVENUE IMPACT: unknown
Parks & Recreation
FUNDING SOURCE: n/a
Airport
Library
TIMELINE: ASAP
City Attorney
Grant Coordinator
SUMMARY STATEMENT:
On July 9, 2009 City Council approved the attached amended and Restated Ground Lease for the McCall
Avenue Homes. On July 23, 2009, Joann Butler, attorney for Neighborhood Housing Services presented a
change to the lease, Section Twenty -Nine - Right of First Refusal and Extension of Lease Term. On August
13, 2009 the Council discussed a letter sent by Nick Partin with USDA and Rural Development outlining
specific concerns and reasons for their denial for a Loan Note Guarantee.
Bill Nichols, City attorney has submitted recommended changes to address these concerns
RECOMMENDED ACTION:
Approve the Amended and Restated Ground Lease with the changes recommended by Bill Nichols and
authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
Meeting Date
ACTION
6/11/09
Council tabled this item until 6/25/09
6/25/09
Council suggested some changes to the lease
7/09/09
Council approved the amended and restated Ground Lease
7/23/09
Council approved changes recommended by NHS(NHS Attorney and City Attorney
were authorized to work out the language)
8/13/09
Council directed the City attorney to work with NHS attorney to resolve the
concerns presented by USDA RD