AGENDA MEMORANDUM

Meeting Date:           November 28, 2011

From:                          Charlie Weller, Airport Manager

Subject:                      Resolution authorizing execution of a Corporate Block Hangar Space Rental Agreement with Donald Kosmin for space at Leesburg International Airport

Staff Recommendation:

Staff recommends approval of the Corporate Block Hangar Space Rental Agreement Donald Kosmin.

Analysis:

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 allow three tenants with small aircraft to share this location.   Hangar #3 was also vacant for several months while efforts were made to find a corporate tenant.  As with Hangar #1, it has now been divided into three spaces to provide additional income to the airport.

Mr. Donald Kosmin has signed the attached agreement to rent space in hangar #3.  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

Options:

1.  Approve the attached Corporate Block Hangar Space Rental Agreement with Donald Kosmin; or

2.  Such alternative action as the Commission may deem appropriate

Fiscal Impact: 

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 annual rent for a corporate tenant.

Submission Date and Time:    11/23/2011 5:20 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 CORPORATE BLOCK HANGAR SPACE RENTAL AGREEMENT WITH DONALD KOSMIN FOR ONE-THIRD OF HANGAR #3 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 with Donald Kosmin whose address is 27006 Old English Court, Leesburg, Florida 34748 for space #3 in Corporate Block Hangar #3 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 28^th day of November, 2011.

                                                                            __________________________

                                                                             Mayor

ATTEST:

___________________________________

City Clerk