Item No: 5H.
Meeting Date: May 28, 2013
From: Raymond S. Sharp, Interim City Manager
Subject: Resolution authorizing execution of a Lease agreement with Wipaire, Inc. for property located at 8816 and 9020 U.S. Highway 441, Leesburg, Florida at Leesburg International Airport
Staff recommends approval of the lease agreement with Wipaire at the Leesburg International Airport
The lease agreement conforms to past practices as well as the spirit of the proposed lease policy.
The highlights of the agreement are as follows:
1. Approve the lease agreement as presented; or,
2. Such alternative action as the Commission may deem appropriate
The lease agreement will generate $19,936 of additional revenue annually for the airport. After the economic incentive expires, the lease agreement will generate an additional $19,430 of ad valorem revenue annually to the general fund.
Submission Date and Time: 5/23/2013 2:00 PM____
Department: City Manager
Prepared by: ______________________
Attachments: Yes X No ______
Advertised: ____Not Required ______
Attorney Review : Yes X No ____
Reviewed by: Dept. Head ________
Finance Dept. _BLM,_____________
Deputy C.M. ___________________
City Manager ___________________
Account No. _001-0000-362-0200___
Project No. ___________________
WF No. ______________________
RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA AUTHORIZING EXECUTION OF A LEASE AGREEMENT WITH WIPAIRE, INC. FOR SPACE LOCATED AT 8816 AND 9020 US HIGHWAY 441, 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 lease agreement with Wipaire, Inc. whose address is 1700 Henry Avenue, Fleming Field, South St. Paul, MN 55075, Attn: Fred Vagts, for real property located at 8816 and 9020 U.S. Highway 441, Leesburg, Florida, 34788.
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 _28th____ day of __May_______ 2013.