HomeMy Public PortalAboutAB 10-142 McCall Avenue Homes Restsated LeaseMcCALL CITY COUNCIL
AGENDA BILL
Number
Meeting Date
AB 10-142
June 10, 2010
216 East Park Street
McCall, Idaho 83638
AGENDA ITEM INFORMATION
SUBJECT:
Amended Ground Lease for the McCall Avenue
Homes
Department Approvals
Initials
Originator
or
Supporter
Mayor 1 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
TIMELINE: N/A
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
As a result of many attempts to create a ground lease that is fair and equitable Council had directed the City
Attorney to develop a lease that incorporates Rural Developments recommendations.
In the interest of equity and simplicity of administration, all of the Ground Leases for the McCall Avenue
Homes should be amended and restated. If approved by the Council, staff will contact the other home
owners to amend their leases. Additionally, the covenants should be removed from all lots subject to the
amended Ground Lease. If approved by the Council, staff will take the necessary steps to remove the
covenants from the appropriate lots.
Attachments:
• Staff Memo
• Email Correspondence between Bill Nichols, City Attorney and Nick Partin, USDA Rural
Development
• Proposed Amended Restated lease Version 3
• Amended Restated Lease Version 2
RECOMMENDED ACTION:
1. Approve the Amended and Restated Ground Lease V3 for the McCall Avenue Homes and
authorize the Mayor to sign all necessary documents.
2. Direct Staff to contact all the lease holders with an offer to sign the new lease.
3. Direct the City Attorney to draw up a document that dissolves the covenants.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION
March 26, 2010
Council had a work session to discuss the new version of the McCall Avenue Homes
Lease
April 8, 2010
Council directed City Attorney to work with USDA Rural Development on some
recommended edits to the presented lease