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HomeMy Public PortalAboutAB 11-025 McCall Avenue Lease AssignmentMcCALL CITY COUNCIL AGENDA BILL Number Meeting Date AB 11-25 February 10, 2011 216 East Park Street McCall, Idaho 83638 AGENDA ITEM INFORMATION SUBJECT: Assumption of lease for Greystone Village #3, Lot 10, Block 3, from Idaho Housing and Finance Association to James J. Hurley and Lorrie L. Hurley Department Approvals Initials Originator Or Supporter Mayor / Council City Manager Clerk Originator Treasurer Community Development Police department Public Works Golf Course COST IMPACT: N/A Parks and Recreation FUNDING SOURCE: N/A Airport Library TIMELINE: Closing is February 25, 2011 Information Systems Grant Coordinator SUMMARY STATEMENT: The City of McCall has a lease agreement with the Idaho Housing and Finance Association for a single lot on McCall Avenue (Greystone Village #3). One of the housing units has been sold to James J Hurley and Lorrie L Hurley. Accordingly, Mr. and Mrs. Hurley will assume the land lease for Lot 10. Attached are the Assignment of Lease and Consent to Encumbrance Documents. RECOMMENDED ACTION: Authorize the transfer of the land lease for Lot 10, Greystone Village #3, from Idaho Housing and Finance Association to James J Hurley and Lorrie L Hurley, and authorize the Mayor to sign all necessary documents. RECORD OF COUNCIL ACTION MEETING DATE ACTION