Staff recommends approval of the Lease Agreement with International Asset Management specialist, LLC for space at LIA.
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. The company has two aircraft (Gulfstream III and a Lear-25) and one helicopter at their disposal.
Staff proposes to lease the office space located at 8701 Airport Boulevard, Suite 101 (former Triangle Aviation offices) to International Asset Management Specialists, LLC. The lease period is for one year with a one year renewal option. The rental rate will be $500.00 per month plus taxes.
International Asset Management Specialist, LLC is also subleasing hangar space from SunAir Aviation to store equipment associated with their operation. The sublease was approved by the Commission on October 25, 2010.
The air charter operation will be a plus for the airport. It is the second air charter of this type to locate on the airport.
1. Approve the Lease Agreement with International Asset Management Specialist, LLC; or
2. Such alternative action as the Commission may deem appropriate
This lease will generate $500.00 per month or $6,000.00 annually in revenue to the airport.
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 LEASE AGREEMENT WITH INTERNATIONAL ASSET MANAGEMENT SPECIALIST, LLC FOR SPACE AT LEESBURG INTERNATIONAL AIRPORT AT 8701 AIRPORT BOULEVARD, SUITE 101; 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 International Asset Management Specialist, LLC whose address is 11953 W. Colonial Drive, Ocoee, Florida 34761 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 13th day of December, 2010.