AGENDA MEMORANDUM

 

Meeting Date:           July 11, 2011

 

From:                          Ken Thomas, Director of Housing & Economic Development

 

Subject:                      Resolution authorizing  the Lake County Incubator Agreement between Lake County, University of Central Florida Research Foundation and Leesburg

 

Staff Recommendation:

Staff recommends approval of the annual staffing agreement between the City of Leesburg, Lake County and the University of Central Florida Research Foundation (UCFRF) for the Leesburg Business Incubator.

 

Analysis:

The Leesburg Business Incubator was established in June 2007 to provide eight office spaces to new and emerging businesses.  The Incubator program currently has four resident clients, three off-site clients and three on-site available offices for new companies.  To date, the Incubator has created seventeen existing jobs and four companies have graduated from the Business Incubator program.    

 

The City/County and University-driven community partnership agreement provides early stage companies in Lake County with the enabling tools, training and infrastructure to create financially stable, high-impact enterprises leading to sustained job creation and growth.  The Incubator has been a valuable resource for Lake County and the City of Leesburg. 

 

Options:

1.  Approve the Incubator Services Agreement; and/or

2.  Such alternative action as the Commission may deem appropriate

 

Fiscal Impact

No fiscal impact, the cost of the Site/Incubator Manager and services will be paid by Lake County Government.

 

Submission Date and Time:    7/7/2011 11:30 AM____

 

Department: ______________________

Prepared by:  ______________________                      

Attachments:         Yes____   No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Attorney Review :       Yes___  No ____

                                                

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head ________

 

Finance  Dept. __________________                                     

                              

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 AN AGREEMENT BETWEEN THE CITY OF LEESBURG, LAKE COUNTY GOVERNMENT AND THE UNIVERSITY OF CENTRAL FLORIDA RESEARCH FOUNDATION, TO PROVIDE STAFFING AND SMALL BUSINESS TECHNICAL SERVICES AT THE LEESBURG BUSINESS 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 Lake County Government Office of Economic Development and Tourism, Economic Development Division,  whose address is 315 West Main Street, Tavares, FL 32778, and University of Central Florida Research Foundation whose address is 12201 Research Parkway, Suite 501, Orlando, Fl 32826 and the City of Leesburg to provide administrative support, an incubator facility to encourage job growth and economic development in Lake County.

 

             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 _11th____ day of _July________ 2011.

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

____________________________________

City Clerk