Item No: 5H.
Meeting Date: June 24, 2013
From: Raymond S. Sharp, Interim City Manager
Subject: Item Previously Tabled Until June 24, 2013 Agenda – 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 this item be tabled until such time as the final lease documents are executed by Wipaire, Inc., at which time the lease agreement will be brought forward for Commission action.
Lease revisions are in progress, but are not complete. Revisions have been received from Wipaire legal counsel and the City Attorney’s comments have been provided to Wipaire. Mr. Webb has been on vacation and will not be available for further discussion until June 24, 2013.
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. Table this matter until such time as the lease revisions are complete and have been executed by Wipaire, Inc.; 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: 6/19/2013 6:38 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 _24th____ day of __June______ 2013.