Staff recommends approval of the Consent to Assignment of Lease agreement.
John Francis and Michelle Francis own a small T-hangar at 8625 Airport Boulevard (also known as the Jack Freer T-hangar). Mr. and Mrs. Francis have sold the T-Hangar to Mr. Paul Perkins, d/b/a Gold Gator, Inc. Mr. Perkins will use the T-Hangar to hangar his Cessna 172 Aircraft.
All conditions of the original lease will remain in effect. The term of the original lease expires at midnight, January 1, 2009. At that time the T-Hangar becomes the property of the City of Leesburg. The current rent for this site is $446.20.
The Airport Advisory Board reviewed this agreement at their October 8, 2008 meeting and recommended approval.
1. Approve the Consent to Assignment of Lease agreement; or
2. Such alternative action as the Commission may deem appropriate
Approval of this agreement will maintain the current revenue stream of $446.20 per month through the end of the lease term for 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 __EFS___
Finance Dept. __________________
Deputy C.M. _______EFS________
City Manager ___________________
Account No. __N/A____________
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 CONSENT TO ASSIGNMENT OF LEASE AGREEMENT AMONG THE CITY OF LEESBURG, JOHN FRANCIS AND MICHELLE FRANCIS, D/B/A FLYING COLORS AND PAUL PERKINS D/B/A GOLD GATOR, INC. 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 Consent to Assignment of Lease agreement among the City of Leesburg, John and Michelle Francis d/b/a Flying Colors whose address is 8864 Airport Boulevard, Leesburg, Florida 34788 and Paul Perkins d/b/a Gold Gator, Inc. whose address is 37601 Burhans Road, Eustis, Florida 32736 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 13th day of October, 2008