AGENDA MEMORANDUM

 

 

Meeting Date:           December 13, 2010

 

From:                          Charlie Weller, Airport Manager

 

Subject:                      Resolution authorizing a Lease Agreement with International Asset Management Specialist, LLC for space at Leesburg International Airport (LIA)

 

 

Staff Recommendation:

Staff recommends approval of the Lease Agreement with International Asset Management specialist, LLC for space at LIA.

 

Analysis:

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.

 

Options:

1.  Approve the Lease Agreement with International Asset Management Specialist, LLC; or

2.  Such alternative action as the Commission may deem appropriate

 

Fiscal Impact

This lease will generate $500.00 per month or $6,000.00 annually in revenue to the airport.

 

 

 

 

 

Submission Date and Time:    12/10/2010 6:05 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. __001-0000-362-0200__

 

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 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.

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

__________________________

City Clerk