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