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HomeMy Public PortalAboutAB 18-019 Hangar Lease 540 Roth McCALL CITY COUNCIL 216 East Park Street AGENDA BILL McCall, Idaho 83638 Number AB 18-19 Meeting Date January 25, 2018 AGENDA ITEM INFORMATION Originator SUBJECT: Department Approvals Initials or Supporter Mayor / Council Request to Approve the Termination and City Manager Establishment of a New Lease for Hangar 540 Clerk Treasurer Community Development Police Department Public Works Golf Course Parks and Recreation COST IMPACT: N/A Airport Originator FUNDING N/A Library SOURCE: Information Systems TIMELINE: N/A Grant Coordinator SUMMARY STATEMENT: The owner of Hangar 540, G.H.H. Roth Revocable Trust has requested a new lease. The purchaser has been provided with a copy of the proposed lease, current Airport Rules and Regulations, and Airport Minimum Standards. The annual lease rate is $.30 per square foot for a 1539 sq. ft. leasehold ($461.70). The FY17 rent was $571.01. This is a non-commercial hangar and as such was not required to meet the Airport Advisory Committee. The City Clerk will record the document, and keep a copy for the City’s records. A $200 transaction fee has been requested as a part of this process. The Lease is attached. RECOMMENDED ACTION: Approve termination of the existing lease and subsequently approve the new lease for Hangar 540 and authorize the Mayor to sign all necessary documents. RECORD OF COUNCIL ACTION MEETING DATE ACTION