AGENDA MEMORANDUM

Meeting Date:           August 27, 2007

From:                          Charlie Weller, Airport Manager

Subject:                      Resolution authorizing a Lease Agreement with Raymond D. Dominick, MD

Staff Recommendation:

Staff recommends approval of the Lease Agreement with Raymond D. Dominick, MD.

Analysis:

Dr. Raymond D. Dominick currently leases the building located at 8804 U.S. Highway 441.  The building is used as a medical treatment facility known as Lake Regional Urgent Care.  The current lease for this site expired  July 31, 2007.

The new lease will take effect on August 1, 2007 with a term of five years.  It includes an option to renew the lease for an additional five year period.  The current lease rate is $2,400.00 per month.  The new lease will be $2,706.64 per month with provision for 3% annual increase.  

This agreement was reviewed by the Airport Advisory Board at their August 15, 2007 meeting and recommended  approval.

Options:

1.  Approve the Lease Agreement with Raymond D. Dominick, MD

2.  Such alternative action as the Commission may deem appropriate

Fiscal Impact:

This lease agreement will generate $32,479.68 annually to the airport (revenue account 001-0000-362-0110).

Submission Date and Time:    8/24/2007 5:26 PM8/22/2007 2:10 PM____

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 ___________________

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 MAYOR AND CITY CLERK TO EXECUTE A LEASE AGREEMENT WITH RAYMOND D. DOMINICK, MD FOR PROPERTY 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 Raymond D. Dominick, MD, whose address is 8804 South US Hwy 441, Leesburg, Florida 34788, for property 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 __27th___ day of _August________ 2007.

                                                                            __________________________

                                                                             Mayor

ATTEST:

__________________________

City Clerk