Staff recommends approval of a modified lease to replace the existing lease for the easterly portion of this property.
In 2005, the Leesburg Partnership relocated from the Historic Leesburg Women’s Club Building to their current location in the Vista Pak building at 415 W. Magnolia St. The term of the original lease was for three years. This lease is scheduled to terminate at the end of March 2008.
Partnership wishes to continue to lease these premises until such time as the
City of Leesburg determines it has a need for either the building
or the building site. Staff has negotiated a new agreement with the
Partnership that contains the same terms and conditions as in the existing
lease, except that the annual rent will be $10.00.
Note: Thought Commission said
“leave it as it is.” Staff Staff and the Partnership agree
if either party wishes to terminate the lease there are two (2) methods to accomplish
this termination: (a) either party can provide a 30 day written notice prior
to the end of the then current term of the lease; or (b) either party can
provide a 60 day written notice at any time during any term of the lease.
The Partnership has agreed to terminate their existing lease if the new agreement is approved by the City Commission, in favor of the new agreement. This will enable both the Leesburg Partnership and the Leesburg Center for the Arts to have parallel agreements with the same expiration dates.
1. Approve the Lease Agreement; or
2. Such alternative action as the Commission may deem appropriate
Leesburg Partnership, Inc. will pay rent of $10.00 per year. The City of Leesburg
will pay for their share of all utilities serving the premises, other than
telephone and data/telecommunications or cable television, including but not
limited to electricity, water, natural gas, wastewater collection and disposal,
solid waste collection and disposal
estimated to be $11,299.66 per year, at the current rates.
Submission Date and Time: 11/21/2007 6:15 PM
Prepared by: ______________________
Attachments: Yes____ No ______
Advertised: ____Not Required ______
Attorney Review : Yes___ No ____
Reviewed by: Dept. Head ________
Finance Dept. __________________
Deputy C.M. ___________________
City Manager ___________________
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 THE LEESBURG PARTNERSHIP, INC. FOR THE EASTERLY PORTION OF THE BUILDING OWNED BY LESSORAT 415 WEST MAGNOLIA STREET, LEESBURG, FLORIDA; 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 an agreement with Leesburg Partnership, Inc., whose address is 415 West Magnolia Street, Leesburg, Florida, for the premises at 415 W Magnolia Street aka Vista Pak Building.
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 _26th____ day of _November________ 2007.