AGENDA MEMORANDUM

 

 

Meeting Date:           April 25, 2011

 

From:                          Ken Thomas, Director of Economic Development & Housing                     

 

Subject:                      Resolution authorizing a lease agreement with  Black Tie Real Estate & Investments, Incorporated for office space at the Leesburg/Lake County/UCF Incubator

 

 

Staff Recommendation:

Staff recommends approval of the lease agreement with Black Tie Real Estate & Investments, Incorporated to lease space at the Business Incubator for a three-year term. 

 

Analysis:

The Business Incubator currently has two available offices for new and emerging businesses that will provide services or a product to our community.  Black Tie Real Estate is applying to occupy one of those spaces.  Black Tie has been in operation for only one year, and its primary operation is real estate.  The company will be allowed to operate in the business incubator for a three year period.

 

The owner has completed the University of Central Florida Excellence in Entrepreneurship course and plans to hire five new employees over the next twelve months. 

 

Options:

1.  Approve the three-year contract between Black Tie Real Estate & Investments, Inc and the City   of Leesburg for lease space; or

2.  Such alternative action as the Commission may deem appropriate.

 

Fiscal Impact

The lease term will generate $11,400 over the life of the agreement. 

 

 

Submission Date and Time:    4/20/2011 5:12 PM____

 

Department: ______________________

Prepared by:  ______________________                     

Attachments:         Yes____   No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Attorney Review :       Yes___  No ____

                                                 

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head ________

 

Finance  Dept. _________JB_______                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager ___________________

 

Account No. _001-0000-362-0100__

 

Project No. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________


 

RESOLUTION NO._______________

 

A RESOLUTION OF CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A LEASE AGREEMENT WITH  BLACK TIE REAL ESTATE & INVESTMENTS, INCORPORATED FOR OFFICE SPACE AT THE LEESBURG INCUBATOR; 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 an agreement  with Black Tie Real Estate & Investments, Incorporated whose address is 2004 Otter’s Pond Road, Fruitland Park, Florida 34731 for a three year lease agreement.

 

             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 __April_______ 2011.

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

___________________________________

City Clerk