Staff recommends approval of the Corporate Block Hangar Rental Space Agreement with Antonio Cancel.
In 2006 the City of Leesburg built three corporate block hangars at Leesburg International Airport. Each hangar is 60’ x 60’ or 3,600 square feet in area and rents for $1,000.00 per month. Hangar #1 was vacant for several months despite efforts to find a corporate tenant. To develop an income stream from this hangar rather than have it sit empty, the space has been divided to allow three tenants with small aircraft to share this location. The first space was rented in June. The attached agreement is for a second space in this hangar.
Mr. Antonio Cancel has signed the attached agreement to rent space in hangar #1. The term of the agreement is on a month-to-month basis. The lease rate is $275.00 per month. The rental agreement includes language indicating that the hangar will be shared with other tenants and the responsibility that falls on the tenants as a result of occupying a shared space.
1. Approve the attached Corporate Block Hangar Space Rental Agreement with Antonio Cancel; or
2. Such alternative action as the Commission may deem appropriate
This rental agreement will generate $275.00 per month to the airport.
The total annual income when three tenants are found for this site will be $9,900.00 which is a reduction of $2,100.00 from the annual rent for a corporate tenant.
Prepared by: __Charlie Weller_____
Attachments: Yes __X__ No ___
Advertised: __Not Required ___X___
Attorney Review : Yes_X__ No ____
Reviewed by: Dept. Head ________
Finance Dept. ________JB________
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 CORPORATE BLOCK HANGAR SPACE RENTAL AGREEMENT WITH ANTONIO CANCEL 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 Corporate Block Hangar Space Rental Agreement with Antonio Cancel whose address is 1601 John’s Lake Road Apartment 1021, Clermont, Florida 34711 for hangar 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 23rd day of August, 2010.