AGENDA MEMORANDUM

 

 

Meeting Date:           February 12, 2007

 

From:                          Charlie Weller, Airport Manager

 

Subject:                      Resolution authorizing Cancellation of Lease Agreement  with John Francis, d/b/a Flying Colors of Leesburg, Inc.

 

 

Staff Recommendation:

City Staff recommends approval of the Cancellation of Lease Agreement with John Francis d/b/a Flying Colors of Leesburg, Inc.

 

Analysis:

Mr. John Francis, d/b/a Flying Colors of Leesburg, Inc., leased the hangar at 8701 Airport Boulevard, Suite 1, on October 1, 2005.  The lease period is for two years, with an expiration date of September 30, 2007.  The current monthly rent is $1297.75 plus tax.  Mr. Francis now wishes to discontinue this lease agreement.   The Cancellation of Lease Agreement provides for termination of the lease effective January 31, 2007.

 

Triangle Aviation, Inc. has expressed interest in leasing this site.  Their plan is to renovate the hangar and use it to open the second Fixed Base Operator at Leesburg International Airport.  

 

Options:

1.  Approve cancellation of Lease Agreement

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

 

Fiscal Impact:

There will be minimal fiscal impact to the City because of the cancellation of this agreement as the hangar will leased to a third party within a short period.

 

Submission Date and Time:    2/7/2007 6:52 PM2/7/2007 9:53 AM____

Department: ___Airport_____________

Prepared by:  ___Charlie Weller________                     

Attachments:         Yes __X__   No ____

Advertised:   ____Not Required __X___                     

Dates:   __________________________                     

Attorney Review :       Yes_X__  No ___

                                                

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head ________

 

Finance  Dept. _______wp___________                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager _____RS______________

 

Account No. _001-0000-362-0200__

 

Project No. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________


 

RESOLUTION NO._______________

 

A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA AUTHORIZING EXECUTION OF A CANCELLATION OF LEASE AGREEMENT WITH JOHN FRANCIS, D/B/A FLYING COLORS OF LEESBURG, INC. FOR SPACE AT 8701 AIRPORT BOULEVARD, SUITE 1, 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 Cancellation of Lease Agreement with John Francis, d/b/a Flying Colors of Leesburg, Inc. whose address is 8701 Airport Boulevard, Suite 1, Leesburg, Florida 34788, for 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 _12th____ day of _February________ 2007.

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

__________________________

City Clerk