Staff recommends approval of the Consent to Assignment of Lease.
Mr. Gregg Shaffer and Mr. Winton Douglas have purchased the corporate hangar, located at 32725 Echo Drive from Mr. Richard Bilton. The lease between Mr. Bilton and the City was effective June 8, 1998. It has a twenty-year term with one five-year renewal option. All terms of this agreement will remain in effect.
Mr. Douglas and Mr. Shaffer intend to use the hangar for the following:
1. Storage of aircraft.
2. Aircraft Maintenance. (The hangar is configured to allow aircraft maintenance.)
3. Sublease a portion of the hangar and all of the office space to LifeNet for approximately one year until LifeNet can get a permanent facility constructed.
Please note this hangar is one of two corporate hangars owned by Mr. Douglas and Mr. Shaffer. They are very good airport tenants.
This agreement was reviewed by the Airport Advisory Board at their August 15, 2007 meeting and recommended for approval.
1. Approve the Consent to Assignment of Lease
2. Such alternative action as the Commission may deem appropriate
Approval of this agreement will have no fiscal impact on the City of Leesburg.
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 ___________________
Account No. ___N/A___________
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 CONSENT TO ASSIGNMENT OF LEASE AMONG THE CITY OF LEESBURG, RICHARD W. BILTON AND GREGG SHAFFER & WINTON DOUGLAS 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 Consent to Assignment of Lease agreement with Richard W. Bilton whose address is 41504 North Babb Road, Umatilla, Florida 32784 and Gregg Shaffer & Winton Douglas whose address is 9020 Airport Boulevard, 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.