Staff recommends approval of the Lease Agreement with Pat Hardy for space at Leesburg International Airport.
Mr. Pat Hardy has been working as an aircraft power plant and airframe mechanic for over two years for Shaffer Aviation, Inc. He would now like to open up his own maintenance shop at the airport. The city-owned hangar located at 8701 Airport Boulevard – Suite 103 is currently available for this purpose. This 60’x60’ hangar was used as a maintenance shop by the previous owner (Lewis Puckett).
The attached lease is for a one–year term. If the tenant desires to remain in the hangar after the initial term, it will be on a month-to-month basis. Rent for the hangar will be $500.00 per month with utilities included for the first year. After the first year, the Lessee will be responsible for all utility costs.
The Airport Advisory Board reviewed this agreement at their May 12, 2010 meeting and recommended approval.
1. Approve execution of the Lease Agreement with Pat Hardy; or
2. Such alternative action as the Commission may deem appropriate
This lease will generate $500.00 per month in revenue to the airport. Utility costs are estimated to be $230 per month. The net income to the airport is estimated at $270 per month or $3,240.00 for the first year. The annual revenue after the tenant becomes responsible for utilities is estimated to be $6,000.00 or more, dependent on the monthly lease rate negotiated at that time.
Prepared by: __Charlie Weller____
Attachments: Yes _X__ No ___
Advertised: ____Not Required __X_
Attorney Review : Yes _X_ No ___
Reviewed by: Dept. Head ________
Finance Dept. __________________
Deputy C.M. ___________________
City Manager ___________________
Account No. __001-0000-362-0200_
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 BETWEEN THE CITY OF LEESBURG AND PAT HARDY FOR SPACE AT LEESBURG INTERNATIONAL AIRPORT; 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 a Lease Agreement with Pat Hardy whose address is 8701 Airport Boulevard, Suite 103, Leesburg, Florida 24788 for space at Leesburg International Airport.
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 24th day of May, 2010.