Description: AGENDAHED.JPG

 

Item No:                    4.C.3.

 

Meeting Date:           August 13, 2012

 

From:                          Ken Thomas, Director of Housing & Economic Development

 

Subject:                      Resolution authorizing a lease extension with McGee Services, Inc., DBA Mr. Handyman to lease space at the Leesburg Business Incubator for an additional two years.

 

 


Staff Recommendation:

Staff recommends approval of the lease extension with McGee Services, Inc., to lease space at the Business Incubator for an additional two years. 

 

Analysis:

Mr. Handyman has been an Incubator Client since June 2009, and his lease agreement expired June 1st 2012.  During the past two years, a number of economic factors have prevented Mr. Handyman and other small businesses from growing and creating jobs such as rising material cost and declining consumer confidence.  However, Mr. Handyman’s customer base has been moving upwards and revenues are now beginning to move forward as well.  Mr. Handyman currently employs four, and is seeking to hire one new employee. 

According to Gordon Hogan, UCF Director of Business Incubation states typical lease agreements in the UCF business incubator system have five year terms.  Mr. Hogan also indicated that some companies move out prior to five years and a percentage will remain several years after the five year term expires.  The Leesburg Business Incubator purpose is to produce successful firms that will leave the program financially viable and freestanding.  Therefore, staff is requesting approval to grant Mr. Handyman a two year extension based upon the economic viability of their company growth potential. 

 

Options:

 

1.  Approve the two year extension for McGee Services, Incorporated, DBA Mr. Handyman; or

 

2.  Such alternative action as the Commission may deem appropriate

 

 

 

 

 

 

 

Fiscal Impact: 

The lease will generate $7,800 over the two year extended period. 

 

Submission Date and Time:    8/9/2012 3:01 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. __________________                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager ___________________

 

Account No. _001-0000-362-0101___

 

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 LEASE EXTENSION WITH MCGEE SERVICES, INCORPORATED TO LEASE SPACE AT THE BUSINESS INCUBATOR FOR AN ADDITIONAL TWO YEARS; 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 McGee Services, Incorporated, DBA Mr. Handyman hereafter referred to as “LESSEE whose address is 24629 Stillridge Court, Leesburg, Florida 34748, for small home improvements. 

 

             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 13th day of August 2012.

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

__________________________

City Clerk