Staff recommends approval of the lease agreement with Hurley Industries.
Mr. Bryan Hurley, Hurley Industries, Inc. proposes to build a corporate hangar on the plot of land located northwest of the Lake County Sheriff Department’s hangar. The hangar will be 70 feet x 100 feet in size and will be used to house a corporate aircraft.
The lease term will be twenty (20) years. Lease rate per square foot on the land will be $0.12, which amounts to $243.08/month plus all applicable taxes. The Lessee will be given one year to construct the hangar and payment will began on the first day of the calendar month after the Certificate of Occupancy is issued by the City of Leesburg Building Department. The hanger site will be landscaped with an underground automated sprinkling system. The hangar cost will not be less than $300,000.00
This agreement was reviewed and recommended for approval by the Airport Advisory Board at their February 21, 2007 meeting.
1. Approve the Lease Agreement
2. Such alternative action as the Commission may deem appropriate
Approval of this lease will generate $2,916.96 in revenue annually to the airport
Prepared by: ___Charlie Weller________
Attachments: Yes __X_ No _____
Advertised: ____Not Required __X__
Attorney Review : Yes _X_ No ___
Reviewed by: Dept. Head ________
Finance Dept. __________________
Deputy C.M. ___________________
City Manager _________RS__________
Account No. __________________
Project No. ___________________
WF No. ______________________
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A LEASE AGREEMENT WITH HURLEY PROPERTIES, LLC FOR SPACE AT 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 Lease Agreement with Hurley Properties, LLC. whose address is 4129 United Avenue, Mount Dora, Florida 32757, for space at Leesburg International Airport to construct a hangar to house a corporate aircraft.
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 March, 2007