Staff recommends approval of the Amendment to Lease
Inc. currently has a lease for the site at 8910 Airport Boulevard.
The original lease agreement was signed in December 1995 and expires
on December 31, 2015.
At this time, the tenant is planning to make improvements to the hangar valued
at approximately $ 300 ,000. 00. The
improvements include 768 square feet of office space, 2,520 square feet of
covered parking and 178 square feet of covered porch. Renovations will also be
made to the interior of the existing facility. Extensive landscaping and an
irrigation system will be installed as part of this project. All renovations
must be completed by December 31,
2008. An artist’s rendering of the
addition is included with this memo.
return for this investment in a hangar that will eventually revert to the City,
Mr. Phillips has requested a
fourteen ( 14 ) would make
the end date of the lease term December
on the value of the planned hangar improvements, staff is proposing that this
lease be extended
fourteen (1 4 )
additional years as requested. The current monthly rent for this site is
$183.50 plus applicable taxes. All other terms of the original lease agreement
will remain in effect.
The Airport Advisory Board reviewed this agreement at their February 13, 2008 meeting and recommended approval.
1. Approval the Amendment to Lease agreement.
2. Such alternative action as the Commission may deem appropriate
Approval of the
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 ________
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 AN AMENDMENT TO LEASE AGREEMENT WITH PHILLIPS BUICK-PONTIAC-GMC, INC. FOR SPACE 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 an Amendment to Lease agreement with Phillips Buick-Pontiac-GMC, Inc. whose address is Post Office Box 491907, Leesburg, Florida 34749, for space 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 _____ day of _________ 2008.