HomeMy Public PortalAboutAB 11-196 Hangar 106A Lease Transfer 11.17.11McCALL CITY COUNCIL
AGENDA BILL
Number
Meeting Date
AB 11-196
November 3, 2011
216 East Park Street
McCall, Idaho 83638
AGENDA ITEM INFORMATION
SUBJECT:
Assignment and Assumption Hangar 106A Lease
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Treasurer
Community Development
Police department
Public Works
Golf Course
COST IMPACT:
Parks and Recreation
FUNDING
SOURCE:
Airport
Library
iler—
TIMELINE:
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
Donald Betzold is purchasing hangar 106A from Mike Dorris
N3434R. The aircraft is registered to Mr. Betzold with a
application for lease transfer and confirmed by FAA records.
one of the old hangars and the lease covers the footprint of
entered into January 1, 1997 by Frank Brown for a term of 20
are just over 5 years remaining on the original term of the lease
option. This lease assignment and assumption does not extend
January 23, 2006 the lease was transferred to Mike Dorris.
square foot per annum and an annual lease fee of $384.75.
rate of $0.361 cents per square foot or $457.94 per year. The
this transfer request at their November 3 meeting.
to be use for the storage of his Cessna
Horseshoe Bend address as given
This hangar contains 1320 square
the hangar only. This lease was
years with a 20 year renewal option.
and 20 years beyond that on the
the original term or the option.
The lease rate for this hangar is
The lease rate will transfer at the
Airport Advisory Committee
182,
on the
feet, is
originally
There
renewal
On
$0291 per
new lease
will review
RECOMMENDED ACTION:
Approve the Assignment and Assumption of Hangar 106A Lease and authorize the Mayor to sign all
necessary documents.
RECORD OF COUNCIL ACTION
MEETING
DATE
ACTION