recommends approval of the lease agreement with Randall C. Boyd for the property
known as the “True Temp” building.
located at (6)
month period beginning (1) additional six-month term at the
end of this time.
The monthly rent for the first three months will be $1,125.00 plus
applicable taxes. The charge for the
second three months will be $1,500.00 plus tax.
If the renewal option is exercised, the monthly rent for that additional
six-month period will increase to $2,500.00 plus tax. The terms of the agreement also require the
lessee to maintain the building including the roof, plumbing, electrical and
1. Approve the Lease Agreement between the City of Leesburg and Randall C. Boyd
2. Such alternative action as the Commission may deem appropriate
The City will receive rent payments totaling $7,875.00 for the first six-month term of this agreement. If the renewal option is exercised, the City will receive an additional $15,000.00 in rent payments.
Department: ____City Manager________
Prepared by: ____Ron Stock____ _____
Attachments: Yes __X_ No ______
Advertised: ____Not Required __X___
Attorney Review : Yes __X_ No ___
Reviewed by: Dept. Head ________
Finance Dept. __________________
Deputy C.M. ___________________
City Manager ___________________
Account No. _________________
Project No. ___________________
WF No. ______________________
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A LEASE AGREEMENT BETWEEN THE CITY OF LEESBURG AND RANDALL C. BOYD; AND PROVIDING AN EFFECTIVE DATE
IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF
THAT the Mayor and City Clerk are hereby authorized to
execute a Lease Agreement between the City of
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 8th day of May, 2006