HomeMy Public PortalAboutAB 18-021 Hangar Lease Hangar 704 TJV Properties, LLC
McCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 18-21
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 704
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 704, TJV Properties 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 14,250 sq. ft. leasehold
($4,275.00). The FY17 rent was $5,238.51.
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 704 and
authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE ACTION