Description: AGENDAHED.JPG

  

Item No:                    4.C.3.

 

Meeting Date:           May 13, 2013

 

From:                          Doug Drymon, Deputy City Manager

 

Subject:                      Resolution authorizing a Ground Lease Agreement with Phillips Sales, Inc. d/b/a Phillips Toyota for space at Leesburg International Airport.

 

 


Staff Recommendation:

Staff recommends approval of the submitted Ground Lease Agreement with Phillips Sales, Inc. d/b/a Phillips Toyota.

 

 

Analysis:

Phillips Sales, Inc., d/b/a Phillips Toyota, desires to enter into a short term lease with the City for the same vacant parcel of property the company leased at the Airport several years ago while their dealership facility off US HWY 441 was undergoing expansion and renovation.  Phillips Toyota needs this additional land to park an unexpectedly large shipment of vehicles the company has just received.  Airport Operations Manager Leonardo Treggi has negotiated a lease rate with Phillips Toyota amounting to $1,500.00/month, excluding taxes. (The lease rate Phillips paid the City in 2010 was $1,353.00/month.)  The site in question is the vacant field located between TH@T! Company and Lake Regional Urgent Care.  Phillips’ temporary use of the property is not anticipated to interfere with any existing or planned use of the site.

 

The effective date of the lease for the purpose of charges and payments will be May 2, 2013.  Proof of liability insurance coverage naming the City of Leesburg as an additional insured is a requirement for Phillip’s use of the property.

 

In view of Phillips Toyota’s urgent need to use the site, and the insufficient time available to take the lease through the normal approval process, the Airport Advisory Board was notified on May 1st by written communication and briefed on the situation.

 

 

Options:

1.  Approval of the submitted Ground Lease Agreement.

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

 

 


 

Fiscal Impact: 

This lease will generate $4,500.00 in net revenue for Leesburg International Airport over the initial three month term, and an additional $1,500.00 in net revenue for each month thereafter that the tenant continues to occupy the property.

 

 

Submission Date and Time:    5/8/2013 6:17 PM____

 

Department: __Administration    _______

Prepared by:  ___­­­___DD__________                     

Attachments:         Yes_X__   No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Attorney Review :       Yes_X_  No ____

                                                

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head ________

 

Finance  Dept. BLM,____________                                     

                              

Deputy C.M. _______DD_________                                                                         

Submitted by:

City Manager ___________________

 

Account No. _001-0000-362-0110____

 

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 GROUND LEASE AGREEMENT WITH PHILLIPS SALES, INC. D/B/A PHILLIPS TOYOTA FOR SPACE 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 Ground Lease Agreement with Phillips Sales, Inc. d/b/a Phillips Toyota whose address is 8629 South U.S. Highway 441, Leesburg, Florida 34788 for certain described space 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 13th day of May, 2013.

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

___________________________________

City Clerk