Staff recommends approval of the Corporate Block Hangar Space Rental Agreement with Allen Dunlap.
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 two spaces were rented in the summer of 2010. The attached agreement is for the remaining space in this hangar.
Mr. Allen Dunlap has signed the attached agreement to rent the final 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 Allen Dunlap; 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 with three tenants in the hangar will be $9,900.00 which is a reduction of $2,100.00 from the budgeted 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 FOR ONE-THIRD OF HANGAR #1 WITH ALLEN DUNLAP 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 for one-third of Hangar No. 1 with Allen Dunlap whose address is 21953 King Alfred Street Leesburg, FL 34748-7978 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 28th day of February 2011.