Staff recommends approval of the Consent to Assignment of Ground Lease
In June 2001, the City entered into a lease with Highlands Centre for property at the Leesburg Airport. The site was used to construct a hangar and the primary tenant since that time has been Angel Flight Southeast. Angel Flight Southeast is now purchasing the hangar from Highlands Centre. As a result, a Consent to Assignment of Lease must be approved by the City.
The initial lease period ends June 30, 2021. The Consent to Assignment of Lease provides for an additional five-year period in the lease term. The current monthly rent on this site is $317.18 plus tax. This amount is adjusted every two years based on the Consumers Price Index.
1. Approve the Consent to Assignment of Ground Lease
2. Such alternative action as the Commission may deem appropriate
This Consent to Assignment of Lease has no fiscal impact on the City of Leesburg
Prepared by: ______________________
Attachments: Yes_X___ No _____
Advertised: ____Not Required ______
Attorney Review : Yes__X_ No ____
Reviewed by: Dept. Head ________
Finance Dept. ________wp__________
Deputy C.M. ___________________
City Manager __________RS_________
Account No. __N/A____________
Project No. ___________________
WF No. ______________________
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA AUTHORIZING THE EXECUTION OF A CONSENT TO ASSIGNMENT OF GROUND LEASE AMONG THE CITY OF LEESBURG, HIGHLANDS CENTRE AND ANGEL FLIGHT SOUTHEAST, INC. FOR THE PURPOSE OF CONSENTING TO THE ASSIGNMENT FROM HIGHLANDS CENTRE TO ANGEL FLIGHT OF A LEASE FOR PREMISES AT 8864 AIRPORT BOULEVARD,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 Consent to Assignment of Ground Lease Agreement among the City of Leesburg, Highlands Centre, whose address is 6 Cross Creek Way, Ormond Beach, Florida 32174 and Angel Flight Southeast, Inc. whose address is 8864 Airport Boulevard, Leesburg, Florida 34788, for the purpose of consenting to the assignment from Highlands Centre to Angel Flight of a lease for premises 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