HomeMy Public PortalAboutAB 10-079 Wright Hangar 203 Lease AssignmentMcCALL CITY COUNCIL
AGENDA BILL
Number
Meeting Date
AB 10-79
March 25, 2010
216 East Park Street
McCall, Idaho 83638
AGENDA ITEM INFORMATION
SUBJECT:
Wright Lease Assignment - Hangar 203
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
Library
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TIMELINE: March 2010
City Attorney
Grant Coordinator
SUMMARY STATEMENT:
Steve Wright, owner of
hangar ownership to Middle
Committee has reviewed
Hangar 203, has for estate planning
purposes assigned his lease
he is the owner. The
recommends it to City
agreement and
Airport Advisory
Council for approval
the lease rate not be
need to adjust this
thereafter, with
increase from
After much
of organization
agreement,
Fork Properties LLC of which
the Attached Assignment of Lease and
entities of the same owner and they
entered into March 1, 2003, therefore,
is subject to the rate adjustment
year. In today's lease rate fees
City Council meeting, Council
staff to obtain information on articles
to verify who members of the
and the company charter are all attached
as a transfer between legal
changed. This lease was
lease base rate, as this lease
annual CPI increases every
$1,277.30 to $2,493.75
At the February 11, 2010
discussion Council directed
and the operating agreement
articles of organization
further recommend that
in three years we will
at 10 years, every five years
the annual lease fee would
reviewed the lease assignment.
of organization, certificate
organization are. The operating
to the lease assignment.
RECOMMENDED ACTION:
Approve the attached Assignment of Lease and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION
February 11, 2010
Council directed staff to include additional information with the Lease
assignment