HomeMy Public PortalAboutAB 09-125 Restated Ground Lease AgreementMcCALL CITY COUNCIL
AGENDA BILL
Number
Meeting Date
216 East Park Street
McCall, ID 83638
AB 09-125
June 25, 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
originator
Community Development
Treasurer
Clerk, Deputy City Clerk
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:
As a result of requests from Neighborhood Housing Services to amend the ground lease and covenants for
the McCall Avenue homes, City Attorney Bill Nichols was tasked by the Council with developing a new
ground lease. The purpose of the new ground lease is to replace the existing lease and all of the remaining
covenants with one new document. Attached is a draft Ground Lease for the Council's consideration.
In the interest of equity and simplicity of administration, the Ground Leases not held by NHS should also
be amended and restated. If approved by the Council, staff will contact the other home owners to amend
their leases.
Additionally, the covenants should be removed from all lots subject to the amended Ground Lease. If
approved by the Council, staff will take the necessary steps to remove the covenants from the appropriate
lots.
Attached are the two copies of the restated ground lease, one has the marked revisions and one is a clean
copy.
RECOMMENDED ACTION:
Approve the amended Ground Lease with NHS, authorize staff to propose the amended Ground Lease to
the other home owners, authorize staff to remove the covenants from all lots subject to the amended
Ground Lease, 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