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HomeMy Public PortalAboutAB 11-206 Hangar 106A Lease TransferMcCALL CITY COUNCIL AGENDA BILL Number Meeting Date AB 11-206 November 17, 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 N3434R. The aircraft application for lease one of the old box entered into January are just over 5 years option. This lease January 23, 2006 square foot per annum rate of $0.361 per Committee reviewed purchasing hangar 106A from Mike Dorris is registered to Mr. Betzold with a transfer and confirmed by FAA records. hangars and the lease covers the footprint of 1, 1997 by Frank Brown for a term of 20 remaining on the original term of the lease assignment and assumption does not extend the lease was transferred to Mike Dorris. and an annual lease fee of $384.75. square foot or $476.52 per year, which this transfer request at their November 3 to be use for the storage Horseshoe Bend address This hangar contains the hangar only. This years with a 20 year renewal and 20 years beyond the original term The lease rate for this hangar The lease rate will transfer has been paid. The meeting and recommends of his Cessna 182, as given on the 1320 square feet, is lease was originally option. There that on the renewal or the option. On is $0.291 per at the new lease Airport Advisory approval to City Council. 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