#10
Council may wish to approve the following lease agreements and adopt corresponding resolutions for property at the Pocatello Airport and authorize the Mayor’s signature on all applicable documents, subject to Legal Department review:
(ACTION ITEM)a) Aaron Bowman and Jared Smith- 1,760 square foot City-owned hanger. The lease term will be five (5) years and rental rate will be $324.20 per month;
b) Civil Air Patrol – 1,760 square foot City-owned hanger. The lease term will be five (5) years and rental rate will be $77.45 per month;
c) Bob Howard Larson Trust - 5,990 square feet of property upon which the trust owns a hangar. The lease term will be fifteen (15) years and rental rate will be $1,377.70 per year;
d) Butch McDougall and Ashley McDougall - 5,649.81 square feet of property upon which Mr. McDougall and Ms. McDougall own a hangar. The lease term will be thirty (30) years and rental rate will be $1,299.46 per year;
e) Hannah Warner – 6,293 square feet of property upon which Ms. Warner owns a hangar. The lease term will be twenty (20) years and rental rate will be $1,447.39 per year.
Rental rates will be increased annually according to the CPI with a full review in 2026 and every five (5) years thereafter.