City Staff recommends approval of the Cancellation of Lease Agreement with John Francis d/b/a Flying Colors of Leesburg, Inc.
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.
1. Approve cancellation of Lease Agreement
2. Such alternative action as the Commission may deem appropriate.
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.
Prepared by: ___Charlie Weller________
Attachments: Yes __X__ No ____
Advertised: ____Not Required __X___
Attorney Review : Yes_X__ No ___
Reviewed by: Dept. Head ________
Finance Dept. _______wp___________
Deputy C.M. ___________________
City Manager _____RS______________
Account No. _001-0000-362-0200__
Project No. ___________________
WF 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.