AGENDA MEMORANDUM

 

 

Meeting Date:           February 12, 2007

 

From:                          Ron Stock, City Manager

 

Subject:                      Resolution authorizing a Consent to Assignment of Ground Lease among the City of Leesburg, Highlands Centre and Angel Flight Southeast, Inc.

 

 

Staff Recommendation:

Staff recommends approval of the Consent to Assignment of Ground Lease

 

Analysis:

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. 

 

Options:

1.  Approve the Consent to Assignment of Ground Lease

2.  Such alternative action as the Commission may deem appropriate

 

Fiscal Impact

This Consent to Assignment of Lease has no fiscal impact on the City of Leesburg

 

Submission Date and Time:    2/7/2007 6:52 PM2/7/2007 9:54 AM____

 

Department: ___Airport______________

Prepared by:  ______________________                     

Attachments:         Yes_X___   No _____

Advertised:   ____Not Required ______                     

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. __N/A____________

 

Project No. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________


 

RESOLUTION 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

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

__________________________

City Clerk