HomeMy Public PortalAboutAB 10-039 Hangar 563 AssignmentMcCALL CITY COUNCIL
AGENDA BILL
Number
Meeting Date
AB 10-39
February 11, 2010
216 East Park Street
McCall, Idaho 83638
AGENDA ITEM INFORMATION
SUBJECT:
Hangar 563 Lease Assignment
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Treasurer
Community Development
Police department
Public Works
Golf Course
COST IMPACT: NA
Parks and Recreation
FUNDING SOURCE: NA
Airport
Library
TIMELINE: Present
City Attorney
Grant Coordinator
SUMMARY STATEMENT:
Hangar 563 is one of the new East Hangar Project hangars and was acquired by McCall Hangar LLP
consisting of Paul & Lori Jorgensen lessees with Mark McClellen and Anne McDonald CC. Their original
intention was to hold the hangar for a period of time as McCall Hangar LLP, and then transfer all of the
ownership to Paul & Lori Jorgensen. The attached lease assignment transfers the ownership to the Paul &
Lori Jorgensen Living Trust. It is anticipated that this transfer should be approved without a modification to
the lease rates for the reasons outlined in the memo titled Lease Rate Analysis January 27, 2010.
RECOMMENDED ACTION:
Approve the lease assignment and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION
2/11/2010
Council requested the Certification of the Living Trust and then bring back
the assignment for approval.