AGENDA MEMORANDUM

Meeting Date:           April 26, 2010

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

Subject:                      Resolution authorizing a lease agreement with Evergreen Construction Management, to lease space at the Leesburg Business Incubator

Staff Recommendation:

Staff recommends approval of the lease agreement between Evergreen Construction Management and the City to lease space at the Business Incubator for a three-year term. 

Analysis:

The Business Incubator currently has six new and emerging businesses located at the business incubator providing services and/or products to our community.  The proposed new lease will allow Evergreen Construction Management to lease the last remaining space in the business incubator.  This will bring the business incubator to full capacity. 

Evergreen Construction Management was incorporated just over a year and their business will focus on construction management at risk, general and building contracting.  Evergreen’s target customer base is local governments, schools, hospitals and other health care facilities.  Within the next twelve months, the company anticipates hiring four new employees.    

Options:

1. Approve the three-year contract between Evergreen Construction Management and the    

 City for a   three-year term at the Business Incubator; or

2.    Such alternative action as the Commission may deem appropriate

Fiscal Impact: 

The lease terms will generate $9,000 over the three-year life of the agreement. 

Submission Date and Time:    4/22/2010 9:28 AM____

Department: ______________________ Prepared by:  ______________________                      Attachments:         Yes____   No ______ Advertised:   ____Not Required ______ Dates:   __________________________                      Attorney Review :       Yes___  No ____ _________________________________            Revised 6/10/04

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

Account No. _________________ 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 COMMISSION TO APPROVE THE LEASE AGREEMENT BETWEEN EVERGREEN CONSTRUCTION MANAGEMENT WITH THE CITY OF LEESBURG TO LEASE SPACE AT THE BUSINESS INCUBATOR FOR A THREE-YEAR TERM. 

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 Evergreen Construction Management whose address is 1218 Sablewood Drive, Apopka, Florida 32712 to lease space at the Leesburg Business Incubator.

 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 _26th___ day of _April________ 2010

                                                                            __________________________

                                                                             Mayor

ATTEST:

__________________________

City Clerk