AGENDA MEMORANDUM

Meeting Date:           October 25, 2010

From:                          Charlie Weller, Airport Manager

Subject:                      Resolution authorizing a Consent to Sublease agreement among the City of Leesburg, SunAir Aviation, Inc. and International Asset Management Specialist, LLC.

Staff Recommendation:

Staff recommends approval of the Consent to Sublease agreement among the City of Leesburg, SunAir Aviation, Inc. and International Asset Management Specialist, LLC.

Analysis:

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 13^th meeting and recommended approval.

Options:

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

Fiscal Impact: 

Approval of the Consent to Sublease will have no fiscal impact on the City of Leesburg

Submission Date and Time:    10/20/2010 2:53 PM____

Department: ___Airport______________ Prepared by:  ___Charlie Weller________                      Attachments:       Yes __X__   No ______ Advertised:   ____Not Required __X____ Dates:   __________________________                      Attorney Review :     Yes _X__  No ____ _________________________________            Revised 6/10/04

Reviewed by: Dept. Head ________ Finance  Dept. ______JB__________                                    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 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 25^th day of October, 2010.

                                                                            __________________________

                                                                             Mayor

ATTEST:

__________________________

City Clerk