AGENDA MEMORANDUM

Meeting Date: May 26, 2009

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

Subject:                      Resolution authorizing a lease agreement with Timothy Frantz, P. A., to lease space at the Leesburg Business & Technology Center/Incubator

Staff Recommendation:

Staff recommends approval of the lease agreement with Timothy Frantz, P. A., 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 Timothy Frantz, P. A., to locate their operation in the Business Incubator for a three year period.  Timothy Frantz, P. A., services include but are not limited to; small civil litigations, defensive wage garnishments, and bank levies.  Within the next three years, Timothy Frantz, P. A. plans to hire at least one new employee.

Options:

1.  Approve the three-year contract with Timothy Frantz, P. A., for lease space at the Business Incubator; or

2.  Such alternative action as the Commission may deem appropriate

Fiscal Impact: 

The lease will generate $9,000 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 A LEASE AGREEMENT WITH TIMOTHY FRANTZ, P.A., 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 Timothy Frantz, P. A., whose address is 32306 Oak Park Drive, Leesburg, Florida  34748, for services such as small civil litigations, defensive wage garnishments, and bank levies.

 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