Staff recommends approval of the lease agreement with The Imagination Shop, Inc., to lease space at the Business Incubator for a three-year term.
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.
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.
Department: Housing & Economic Dev
Prepared by: Tracie Hodge
Attachments: Yes__X__ No ______
Advertised: ____Not Required __X__
Attorney Review : Yes___ No ____
Reviewed by: Dept. Head ________
Finance Dept. ___JB_____________
Deputy C.M. ___________________
City Manager ___________________
Account No. 001-0000-362-0101 __
Project No. ___________________
WF 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.