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HomeMy Public PortalAboutAB 10-069 Sawtooth Aviation Dorris New LeaseMcCALL CITY COUNCIL AGENDA BILL Number Meeting Date AB 10-69 March 11, 2010 216 East Park Street McCall, Idaho 83638 AGENDA ITEM INFORMATION SUBJECT: Sawtooth Flying Service, Inc. New Lease Agreement 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 Airportfr--- Library TIMELINE: March 1, 2010 Agreement Date City Attorney Grant Coordinator SUMMARY STATEMENT: Mike and Leslee Dorris, dba Sawtooth Aviation, have requested the attached letter, when they purchased the building last year, lease agreement to be considered. The proposed lease agreement will run from March 1, 2010 to February 28, 2030 with four, five be $0.35 per square foot for the entire lease property of 10,000 lease will be adjustable to the then current rate as set by City CPI annually and is further adjustable to the then current rate This proposal has been reviewed by the Airport Advisory Committee recommendation for approval. At the February 11, 2010 City Council meeting, Council reviewed Aviation and directed staff to correct typographical errors in the Applicable Minimum Standards. Paragraph 5 was added to the Standards. a new lease agreement. they did not have time and Exhibits A-E are year options to renew. square feet. If the hangar Council. The lease rate at 10 years and every and is forwarded As they explain in to wait for a new attached. This lease The lease rate will is later sold, the is adjustable by the five years thereafter. to you with their for Sawtooth addressing Minimum the new lease agreement document and add a paragraph document to address Applicable RECOMMENDED ACTION: Approve the attached lease agreement with Sawtooth Flying Service, Inc., and authorize the Mayor to sign all necessary documents. RECORD OF COUNCIL ACTION MEETING DATE ACTION 2/11/10 Council directed staff to cleanup document, add a paragraph and bring back to Council