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HomeMy Public PortalAboutAB 10-099 Assignment of Lease - Lot 9 McCall Ave. HomesMcCALL CITY COUNCIL AGENDA BILL Number Meeting Date AB 10-99 April 8, 2010 216 East Park Street McCall, Idaho 83638 AGENDA ITEM INFORMATION SUBJECT: Assumption of lease for Greystone Village #3, Lot 9, Block 3, from Neighborhood Housing Services to Thomas K. Burke Department Approvals Initials Originator or Supporter Mayor / Council City Manager Clerk � `lt,l Originator Treasurer Community Development Police department Public Works Golf Course COST IMPACT: N/A Parks and Recreation FUNDING SOURCE: N/A Airport Library TIMELINE: Immediately upon approval Information Systems Grant Coordinator SUMMARY STATEMENT: The City of McCall has a lease agreement with Neighborhood Housing Services for development of housing on nine lots on McCall Avenue (Greystone Village #3). One of the new housing units has been sold to Thomas K. Burke. Accordingly, Mr. Burke will assume the land lease for Lot 9. Staff is currently working with Mr. Burke's Real Estate Agent so in the event Council adopts the proposed new lease, presented in AB 10-100, the client will be ready to sign a lease assignment for the new lease. The City Attorney is currently drafting a new lease assignment. Attached are the Assignment of Lease and Consent to Encumbrance Documents. RECOMMENDED ACTION: Authorize the transfer of the land lease for Lot 9, Greystone Village #3, from Neighborhood Housing Services, Inc. to Thomas K. Burke, and authorize the Mayor to sign all necessary documents. RECORD OF COUNCIL ACTION MEETING DATE ACTION