Staff recommends approval of the Lease Agreement with Executive Cars, Inc.
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.
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
This lease agreement will generate $60,000.00 to the airport over the two-year contract period.
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 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.