Staff recommends approval of the lease agreement with Donald A. Caputo D/B/A RADIUS Advertising, to lease space at the Business Incubator for a three-year term.
The Business Incubator currently has eight office spaces for new and emerging businesses that will provide services and/or a product to our community. The proposed lease agreement will allow RADIUS Advertising to locate their operation in the Business Incubator for a three-year period. RADIUS Advertising is an advertising and publishing company that will produce high quality magazines for the Lake County area. The owner has over 10 years of experience.
1. Approve the three-year contract between RADIUS Advertising and the City of Leesburg Business Incubator for lease space; or
2. Such alternative action as the Commission may deem appropriate
The lease term will generate $10,800 over the life of the agreement.
Department: Housing & Econ. Dev. ______________________
Prepared by: ______________________
Attachments: Yes__x__ No ______
Advertised: ____Not Required __x____
Attorney Review : Yes___ No ____
Reviewed by: Dept. Head Kenneth Thomas________
Finance Dept. __________________
Deputy C.M. ______EFS_________
City Manager ___________________
Account No. _001-0000-362-0101__
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 AGREEMENT WITH RADIUS ADVERTISING FOR LEASE SPACE AT THE BUSINESS INCUBATOR; 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 Don A. Caputo D/B/A RADIUS Advertising, whose address is 1007 Royal Oak Blvd. Leesburg, FL 34749, for Advertising & Publishing Services.
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 22nd day of September 2008.