AGENDA MEMORANDUM

 

Meeting Date: January 7, 2008

 

From: Charlie Weller, Airport Manager

 

Subject: Resolution authorizing a Lease Agreement with Executive Cars, Inc. d/b/a Truck World of Leesburg

 

 

Staff Recommendation:

Staff recommends approval of the Lease Agreement with Executive Cars, Inc.

 

Analysis:

Drive Time vacated the property located at 8735 US Highway 441 at the end of September, 2007. The intent is to eventually build T-Hangars on this property to generate revenue for Leesburg International Airport. However, funding for this project will not be available from the State (FDOT) for at least two years.

 

Staff proposes, in the interim, leasing the property to John Darrow under the name of Executive Cars, Inc. d/b/a Truck World of Leesburg. The attached agreement represents a two-year lease period with a month-to-month lease thereafter until funding becomes available to demolish the building and erect T-Hangars. The lease is effective January 1, 2008, and includes a lease rate of $2,500.00 per month plus all applicable taxes. The City will not be responsible for any maintenance on the building, air conditioning system, parking lot, utilities or grounds keeping during the lease period. The Lessee will pay all property taxes.

 

Options:

1. Approve the lease agreement with Executive Cards, Inc. d/b/a Truck World of Leesburg

2. Such alternative action as the Commission may deem appropriate

 

Fiscal Impact:

This lease agreement will generate $60,000.00 to the airport over the two-year contract period.

 

Submission Date and Time: 1/3/2008 10:08 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 ___________________

 

Account No. ____N/A__________

 

Project No. ___________________

 

WF No. ______________________

 

Budget ______________________

 

Available _____________________


RESOLUTION NO._______________

 

A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A LEASE AGREEMENT WITH EXECUTIVE CARS, INC. D/B/A TRUCK WORLD OF LEESBURG 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 Executive Cars, Inc. d/b/a Truck World of Leesburg whose address is 9023 South US Highway 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 _7th____ day of _January______ 2008.

 

 

 

__________________________

Mayor

 

ATTEST:

 

 

__________________________ญญญญญญ_________

City Clerk