AGENDA MEMORANDUM

 

Meeting Date:           March 12, 2007

 

From:                          Charlie Weller, Airport Manager

 

Subject:                      Resolution authorizing a Lease Agreement  with  Hurley Properties, LLC

 

Staff Recommendation:

Staff recommends approval of the lease agreement with Hurley Industries.

 

Analysis:

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.

 

Options:

1.  Approve the Lease Agreement

2.  Such alternative action as the Commission may deem appropriate

 

Fiscal Impact

Approval of this lease will generate $2,916.96 in revenue annually to the airport

 

Submission Date and Time:    3/8/2007 12:56 PM3/7/2007 9:37 AM3/7/2007 9:35 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. __________________                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager _________RS__________

 

Account No. __________________

 

Project No. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________


 

RESOLUTION 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

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

__________________________

City Clerk