AGENDA MEMORANDUM

Meeting Date: May 26, 2009

From:                          Kenneth L. Thomas, Director of Housing & Economic Development

Subject:                      Resolution authorizing a lease agreement with Agens, LLC, to lease space at the Leesburg Business & Technology Center/Incubator

Staff Recommendation:

Staff recommends approval of the lease agreement with Agens, LLC, to lease space at the Business Incubator for a three-year term.

Analysis:

The Business Incubator currently has five office spaces for new and emerging businesses that will provide a service or product to our community.  The proposed lease agreement will allow Agens, LLC, to locate their operation in the Business Incubator for a three year period.  Agens, LLC, will provide all advertising services for Lake Xpress, the Lake County bus transportation system.  Agens, LLC, plans to create at least two jobs within the next three years.         

Options:

1.  Approve the three-year contract with Agens, LLC, for lease space at the Business Incubator; or

2.  Such alternative action as the Commission may deem appropriate

Fiscal Impact: 

The lease will generate $10,800 over the three-year life of the agreement.

Submission Date and Time:    5/20/2009 4:46 PM____

Department: Housing & Economic Dev Prepared by:  Tracie Hodge Attachments:         Yes_X___   No ______ Advertised:   ____Not Required __X____ Dates:   __________________________                      Attorney Review :       Yes___  No ____ _________________________________            Revised 6/10/04

Reviewed by: Dept. Head ________ Finance  Dept. _____JB___________                                    Deputy C.M. ___________________                                          Submitted by: City Manager ___________________

Account No. _001-0000-362-0101___ Project No. ___________________ WF No. ______________________ Budget  ______________________ Available _____________________

RESOLUTION NO._______________

A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE AN AGREEMENT WITH AGENS LLC, FOR OFFICE 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 Agens, LLC whose address is 10727 Summit Lakes Lane, Clermont, Florida  34711 to provide advertising services for Lake County bus transportation system, aka Lake Xpress.  

 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 26th day of May 2009.

                                                                            __________________________

                                                                             Mayor

ATTEST:

__________________________

City Clerk