Staff recommends approval of the Consent to Sublease agreement among the City of Leesburg, SunAir Aviation, Inc. and International Asset Management Specialist, LLC.
SunAir Aviation currently leases the hangar located at 8701 Airport Boulevard, Suite 102. International Asset Management Specialist, LLC is a Part -135 air charter company that wishes to change their base of operations from Orlando International Airport to Leesburg International Airport. To facilitate their relocation to Leesburg, they have contracted with SunAir Aviation to sublease this hangar. The company has two aircraft (G-III and a Lear -25) and one helicopter at their disposal. The hangar will be used to store equipment associated with the charter operation.
The office space located at 8701Airport Boulevard, Suite 101 will be leased to International Asset Management Specialist, LLC by the City of Leesburg. The lease for the office area will be presented concurrent with this Sublease for the hangar. The air charter operation will be a plus for the airport. It is the second air charter of this type that will be located on the airport.
The Airport Advisory Board reviewed this Consent to Sublease agreement at the October 13th meeting and recommended approval.
1. Approve the Consent to Sublease agreement among the City of Leesburg, SunAir Aviation, Inc. and International Asset Management Specialist, LLC.
2. Such alternative action as the Commission may deem appropriate
Approval of the Consent to Sublease will have no fiscal impact on the City of Leesburg
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. _________________
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 CONSENT TO SUBLEASE AGREEMENT AMONG THE CITY OF LEESBURG, SUNAIR AVIATION, INC. AND INTERNATIONAL ASSET MANAGEMENT SPECIALIST, INC. 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 Consent to Sublease agreement among the City of Leesburg, SunAir Aviation, Inc. whose address is 8806 Airport Boulevard, Leesburg, Florida 34788 and International Asset Management Specialist, LLC whose address 11953 West Colonial Drive, Ocoee, Florida 34761 for space at Leesburg International Airport; and providing an effective date.
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 October, 2010.