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HomeMy Public PortalAboutAB 18-110 Hangar Lease Hangar 207 Starkman McCALL CITY COUNCIL 216 East Park Street AGENDA BILL McCall, Idaho 83638 Number AB 18-110 Meeting Date April 26, 2018 AGENDA ITEM INFORMATION  SUBJECT: Request to Approve the Termination and Establishment of a New Lease for Hangar 207 Department Approvals Initials Originator or Supporter   Mayor / Council     City Manager /    Clerk     Treasurer     Community Development     Police Department     Public Works     Golf Course    COST IMPACT: N/A Parks and Recreation    FUNDING SOURCE: N/A Airport  Originator    Library    TIMELINE: N/A Information Systems      Grant Coordinator    SUMMARY STATEMENT: The owner of Hangar 207, Wooten Family Trust, has sold Hangar 207 to Tim Starkman. The purchaser is a current hangar owner and 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 FY18 rent was $5,747.57. 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 with Wooten Family Trust and subsequently approve the new lease for Hangar 207 between the City and Tim Starkman and authorize the Mayor to sign all necessary documents.  RECORD OF COUNCIL ACTION  MEETING DATE ACTION