AGENDA MEMORANDUM

Meeting Date:           November 26, 2007

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

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

Staff Recommendation:

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

Analysis:

The Business Incubator currently has eight new office spaces for new and emerging businesses that will provide services or a product to our community.  The proposed lease agreement will allow Community Builders Group, LLC to locate their operation in the Business Incubator for a three year period.  The Community Builders Group, LLC is a one-stop operation that will provide construction and design services.  The owner has over 20 years of experience designing projects. 

Options:

1.  Approve the three-year contract between the Community Builders Group, LLC and the City of Leesburg Business Incubator for lease space; or

2.  Such alternative action as the Commission may deem appropriate

Fiscal Impact: 

The lease term will generate $10,800 over the life of the agreement. 

Submission Date and Time:    11/21/2007 6:16 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. __________________                                    Deputy C.M. ___________________                                          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 AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE AN AGREEMENT WITH COMMUNITY BUILDERS GROUP, LLC 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 Community Builders Group, LLC whose address is Post Office Box 991, Winter Park, Florida 32790 for a 3 year lease agreement.

 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 _November________ 2007.

                                                                            __________________________

                                                                             Mayor

ATTEST:

__________________________

City Clerk