HomeMy Public PortalAboutAB 10-061 M Resorts to Aviation Properties LLCMcCALL CITY COUNCIL
AGENDA BILL
Number
Meeting Date
AB 10-61
February 25, 2010
216 East Park Street
McCall, Idaho 83638
AGENDA ITEM INFORMATION
SUBJECT:
Assignment and Assumption of Lease M Resorts to
Aviation Properties LLC
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Treasurer
Community Development
Police department
Public Works
Golf Course
COST IMPACT: None
Parks and Recreation
FUNDING SOURCE: NA
Airport
Library
TIMELINE: March 1, 2010 Effective Date
City Attorney
Grant Coordinator
SUMMARY STATEMENT:
Torrey Enterprises, owned by Douglas Manchester, entered into a lease
1987. The hangar is located at 338 Deinhard, Hangar 102 now known
name of M Resorts. Under Section 3.5 rental of the lease agreement
airport improvements, Lessor has the right and option to require
unexpired term of this lease plus two ten year renewal periods for a total
Manchester's lease was exercised in 1988 and the City was paid in
term. Therefore, this lease term runs through April 30, 2027 and all
Aviation Properties LLC, which is the lease holder for McCall Aviation,
Manchester. Dan Scott, Managing Member and President of Aviation
application for Lease Assignment and has demonstrated the ability to
Presently the Whitetail hangar is subleased to McCall Aviation with
aviation storage. The sublease to McCall Aviation will continue to utilize
the Lifeflight helicopter and other aircraft, and the back portion of the
A copy of the original lease, the Application for Lease Assignment,
Lease are attached. Everything appears to be in order and this lease should
agreement with the City
as the Whitetail Hangar
" ... In order to assist the
the Lessee to pay in advance
lease term of 40 years".
advance for the remainder
of McCall May 1,
under the corporate
(airport) in completing
all rental for the
of the 40 year lease
in full in advance.
the facility from
filled out the proper
being utilized for non
hangar for storage of
storage.
and Assumption of
Properties LLC.
lease fees have been paid
has agreed to purchase
Properties LLC, has
operate the leasehold facility.
the back bay of the hangar
the front portion of the
hangar utilized for aircraft
and the DRAFT Assignment
be assigned to Aviation
RECOMMENDED ACTION:
Approve the Assignment and Assumption of lease from M Resorts, Douglas Manchester to Aviation
properties LLC and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION