AGENDA MEMORANDUM

Meeting Date: January 11, 2010

From:                          Kenneth L. Thomas, Director of Housing & Economic Development

Subject:                      Resolution authorizing a lease agreement with Hometown Health TV, LLC, to lease space at the Leesburg Business & Technology Center/Incubator

Staff Recommendation:

Staff recommends approval of the lease agreement with Hometown Health TV, LLC, to lease space at the Business Incubator for a three-year term.

Analysis:

The Business Incubator currently has three office spaces available for new and emerging businesses that will provide a service or product to our community.  The proposed lease agreement will allow Hometown Health TV, LLC, to locate their operation in the Business Incubator for a three year period.  Hometown Health TV, LLC, is a dynamic, innovative, locally produced monthly video magazine that provides a multimedia platform to entertain, educate, inform and market to medical patients and cable TV subscribers across Lake County and The Villages.  Within the next three years, Hometown Health TV, LLC, plans to hire at least one new employee.

Options:

1.  Approve the three-year contract with Hometown Health TV, LLC, for lease space at the Business Incubator; or

2.  Such alternative action as the Commission may deem appropriate

Fiscal Impact: 

The lease will generate $10,800 over the three-year life of the agreement.

Submission Date and Time:    1/7/2010 10:25 AM____

Department: Housing & Economic Dev Prepared by:  Tracie Hodge Attachments:         Yes_X___   No _____ Advertised:   ____Not Required __X__ Dates:   __________________________                      Attorney Review :       Yes___  No ____ _________________________________            Revised 6/10/04

Reviewed by: Dept. Head ________ Finance  Dept. _________JB_______                                    Deputy C.M. ___________________                                          Submitted by: City Manager ___________________

Account No. 001-0000-362-0101___ Project No. ___________________ WF No. ______________________ Budget  ______________________ Available _____________________

RESOLUTION NO._______________

A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A LEASE AGREEMENT WITH HOMETOWN HEALTH TV, LLC, FOR OFFICE SPACE AT THE BUSINESS INCUBATOR; AND PROVIDING AN EFFECTIVE DATE.

BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:

            THAT the Mayor and City Clerk are hereby authorized to execute an agreement with Hometown Health TV, LLC whose address is PO Box 490614, Leesburg, Florida 34749, for multimedia monthly video magazine services. 

 THAT this resolution shall become effective immediately.

PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the 11th day of January 2010.

                                                                            __________________________

                                                                             Mayor

ATTEST:

__________________________

City Clerk