HomeMy Public PortalAboutAB 10-070 Hangar 563 AssignmentMcCALL CITY COUNCIL
AGENDA BILL
Number
Meeting Date
AB 10-70
March 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.
At the February 11, 2010 City Council meeting, Council reviewed the lease assignment. After much
discussion Council directed staff to obtain information on the Paul and Lori Jorgensen Living Trust and
bring it back to Council for approval. A copy of that Trust is attached to the Lease Assignment.
RECOMMENDED ACTION:
Approve the lease assignment and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION
2/11/10
Council directed staff to obtain the living trust referred to in the lease
assignment and bring back to Council