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HomeMy Public PortalAbout1998_08_11_R176 The Town of Leesburg, Virginia RESOLUTION NO. A RESOLUTION: PRESENTED August 11, 1998 98-176 ADOPTED August 11, 1998 AUTHORIZING AN AGREEMENT BETWEEN THE TOWN AND AV- ED FLIGHT SCHOOL, INC. FOR THE LEASE OF OFFICE SPACE IN THE AIRPORT TERMINAL BUll,DING FOR THE PURPOSE OF RUNNING A FLIGHT SCHOOL WHEREAS, AV-ED Flight School, Inc. has been located and operating at the Leesburg Municipal Airport for approximately five (5) years; and WHEREAS, the flight school has been on a month-to-month lease arrangement and desires a formal long term relationship with the Town; and WHEREAS, the Airport Director and Airport Commission have negotiated a lease agreement satisfactory to both parties; and WHEREAS, the leased space is 1,087.3 square feet and is located in the airport terminal building; and WHEREAS, the term of the lease is four years and eleven months; and WHEREAS, the annual rent is $16,885.00 and includes a three percent (3%) escalation clause; and RESOLUTION: -2o AV-ED FLIGHT SCHOOL LEASE WHEREAS, the lease has been approved by the Leesburg Airport Commission THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia that the town manager is authorized to enter into an agreement with AV-ED Flight School, Inc. for lease of office space in the terminal building in a format approved by the Deputy Town Attorney. PASSED this 1 lth day of August, 1998. ATTEST: J.a(nes E. Clem, Mayor Town of Leesburg Clerk of Council