AGENDA MEMORANDUM

 

 

Meeting Date:           January 25, 2010

 

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

 

Subject:                      Resolution authorizing a lease agreement with The Imagination Shop, Inc., to lease space at the Leesburg Business & Technology Center/Incubator

 

 

Staff Recommendation:

Staff recommends approval of the lease agreement with The Imagination Shop, Inc., to lease space at the Business Incubator for a three-year term.

 

Analysis:

The Business Incubator currently has two office spaces for new and emerging businesses that will provide a service or product to our community.  The proposed lease agreement will allow The Imagination Shop, Inc., to locate their operation in the Business Incubator for a three year period. The Imagination Shop, Inc. is a multimedia company specializing in broadcast video production and website design and development.  Within the next three years, The Imagination Shop, Inc. plans to hire at least one new employee.

 

Options:

1.  Approve the three-year contract with The Imagination Shop, Inc., for lease space at the Business Incubator; or

2.  Such alternative action as the Commission may deem appropriate

 

Fiscal Impact:  The lease agreement will generate $3,000 per year.

 

Submission Date and Time:    1/20/2010 5:50 PM____

 

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 THE IMAGINATION SHOP, INC., FOR OFFICE SPACE AT THE BUSINESS INCUBATOR, AND PROVIDING AND 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 The Imagination Shop Inc., whose address is 834 Berry Hill Circle, Fruitland Park, FL  34731, for broadcast video production and website design and development. 

 

             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 25th day of January 2010. 

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

__________________________

City Clerk