AGENDA MEMORANDUM

 

 

Meeting Date:           October 27, 2008

 

From:                          Betty M. Richardson, City Clerk

 

Subject:                      Resolution authorizing execution of a revised and corrected Consent to Assignment of ground lease among Highlands Centre, Mercy Flight Southeast, Inc., and the City of Leesburg

 

 

Staff Recommendation:

Staff recommends approval of the revised and corrected Consent to Assignment of ground lease among Highlands Centre, Mercy Flight Southeast, Inc., and the City of Leesburg.

 

Analysis:

In June 2001, the City entered into a lease with Highlands Centre for property at the Leesburg Airport.  The site was used to construct a hangar and the primary tenant since that time has been Angel Flight Southeast.  Angel Flight Southeast (now known as Mercy Flight Southeast, Inc.) purchased the hangar from Highlands Centre, and a Consent to Assignment of Lease was approved by the City at the February 12, 2007, meeting.

 

The Consent to Assignment of Lease provided for an additional five-year period in the lease term with a current monthly rent on this site of $317.18 plus tax.  This amount is adjusted every two years based on the Consumers Price Index.  The initial lease period will end June 30, 2021. 

 

After the Commission approved the consent and during finalization of the Consent to Assignment of Lease, staff found a misstatement in how the lease had been changed from one entity to another entity.  The Consent to Assignment of ground lease approved February 12, 2007 shows the lease was first in the name of Pringle Development.  The only Consent to Assignment of Lease on file at the time this lease was executed was one from Highland Centre to Angel Flight Southeast. This revised and corrected Consent to Assignment of ground lease reflects the correct transition.   All other parts of the lease remain the same.

 

Options:

1.  Approve the revised and correct Consent to Assignment of ground lease, or 

2.  Such alternative action as the Commission may deem appropriate

 

 


Fiscal Impact

There is no fiscal impact with this approval.

 

 

Submission Date and Time:    10/24/2008 6:01 PM____

 

Department: ______________________

Prepared by:  ______________________                     

Attachments:         Yes____   No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Attorney Review :       Yes___  No ____

                                                

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head ________

 

Finance  Dept. __________JB______                                     

                              

Deputy C.M. ________EFS________                                                                         

Submitted by:

City Manager ___________________

 

Account No. __________________

 

Project No. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________


 

 

RESOLUTION NO._______________

 

A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AUTHORING THE MAYOR AND CITY CLERK TO EXECUTE A REVISED AND CORRECTED CONSENT TO ASSIGNMENT OF GROUND LEASE AMONG HIGHLAND CENTRE AND MERCY FLIGHT SOUTHEAST, INC., AND THE CITY OF LEESBURG; 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 Revised and Corrected Consent to Assignment of Ground Lease Agreement among the City of Leesburg, Highlands Centre, whose address is 6 Cross Creek Way, Ormond Beach, Florida 32174 and Mercy Flight Southeast, Inc. f/k/a Angel Flight Southeast, Inc. whose address is 8864 Airport Boulevard, Leesburg, Florida 34788, for the purpose of consenting to the Revised and Corrected Consent to assignment of ground lease from Highlands Centre to Mercy Flight Southeast, Inc. 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 _27th____ day of _October______ 2008.

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

__________________________

City Clerk