Item No: 4.C.6.
Meeting Date: February
27, 2012
From: Ken
Thomas, Director of Housing & Economic Development
Subject: Resolution
authorizing execution of a Tri-Party Agreement among University of Central
Florida Research Foundation, Lake County Government, and the City of Leesburg
to manage and operate the Leesburg Business Incubator
Staff Recommendation:
Staff recommends approval of the tri-party agreement to
provide a Business Incubation facility,
administrative and technical
support to aid in
development of companies located in Lake
County.
Analysis:
The
subject agreement is a continuation of services provided by UCFRF and Lake
County Government that has been in existence since January 2009. The agreement will provide funding to UCFRF
to provide incubation services to companies in Lake County at the Leesburg Business
Incubator. The UCFRF will review client
applications, conduct the screening and selection process. In addition, the
agreement will provide the Excellence in Entrepreneurship Course developed for
potential Incubator entrepreneurs.
The UCFRF will provide the following
services:
·
Utilize
service provider network and expand to additional resources focused on later
stage incubator companies;
·
Utilize
educational programs available through the National Entrepreneur Center (NEC)
and resident small business service providers;
·
Provide
marketing for the Incubator and its clients;
·
Use
existing criteria to graduate companies out of the program;
·
Provide
staffing for the Incubator;
·
Providing
annual reports which shall include, but not be limited to, recommendations
relative to the continuing development and operation of the Lake County
Incubator.
·
Provide
a verbal report to the Board of County Commissioners.
In
summary, UCFRF will continue to operate an incubator in cooperation with Lake
County at the Leesburg Business and Technology Center. This includes hiring,
training, and managing staff, selecting and managing clients, establishing
mentoring and coaching programs, and establishing criteria for graduating
companies into the community.
Options:
1. Approve the tri-party agreement or;
2. Such alternative action as the Commission may
deem appropriate
Fiscal Impact:
The
City receives on average $14,500 of annual revenue from Client lease
payments.
Submission Date and Time: 2/24/2012 10:39 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._____________
RESOLUTION OF THE
CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE A TRI-PARTY AGREEMENT AMONG UNIVERSITY OF CENTRAL FLORIDA
RESEARCH FOUNDATION, LAKE COUNTY GOVERNMENT, AND THE CITY OF LEESBURG TO MANAGE
AND OPERATE 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 among Lake County Government whose address is 315 West Main Street, Post
Office Box 7800, Tavares, Florida 32778, University of Central Florida Research
Foundation, Incorporated, 12201 Research Parkway, Suite 501, Orlando, Florida
32826-3246, and the City of Leesburg, 600 Market Street, Leesburg, Florida
34748 for Incubation Services.
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 _27th
____ day of _February________ 2012.
__________________________
Mayor
ATTEST:
__________________________________
City Clerk