A. Cit

City Commission · 2026-05-13 · agenda_item

The City of Winter Park is currently reviewing several lease agreements for city-owned properties and equipment. These include leases for a neighborhood air monitoring station at 466 Harper Street, the Winter Park Amtrak/SunRail train station at 148 W. Morse Boulevard, athletic activities at Showalter Field, cell tower sites, the former Winter Park Library for arts use, and properties at the Fairbanks Avenue and Denning Drive intersection. The city is also a lessee for property at 2525 Cady Way and for golf carts at Winter Park Pines Golf Course. This item is under review as part of the city's financial reporting. The scope of work involves ongoing management and financial tracking of these diverse lease agreements, which may lead to future opportunities related to property maintenance, equipment management, and administrative services. Local contractors, suppliers, and service providers should monitor future city announcements regarding specific needs that may arise from these ongoing lease arrangements. Early engagement with city departments could provide insight into potential future projects.

lease liability

184894

lease term

94 month

value of lease liability

93464

annual fixed payments

24000

interest rate

1.08 %

value of right to use asset

184894

accumulated amortization

93453

lease liability

120815

lease term

48 month

value of lease liability

31612

monthly fixed payments

2681

interest rate

3.27 %

estimated useful life

48 months

value of right to use asset

120815

accumulated amortization

89437

principal payments

54603

interest payments

1572

total payments

56175

principal payments

23239

interest payments

761

total payments

24000

principal payments

23490

interest payments

510

principal payments

23744

interest payments

256

total principal payments

125076

total interest payments

3099

total payments

128175

lease receivable

135105

lease term

60 month

value of lease receivable

73352

annual principal and interest payments

2488

interest rate

0.63 %

value of deferred inflow of resources

72698

lease revenue

30714

lease receivable

208584

lease term

151 month

value of lease receivable

152151

annual principal and interest payments

18939

interest rate

1.43 %

value of deferred inflow of resources

152426

lease revenue

17690

lease term

176 months

initial lease receivables

1946158

value of lease receivables

1422973

annual principal and interest payments

154397

interest rate

1.51 %

value of deferred inflows of resources

1413509

lease revenue

133162

longest term

101 months

initial lease receivables

342829

value of lease receivables

297188

monthly principal and interest payments

8553

interest rates

0.33 %

interest rates

0.80 %

value of deferred inflows of resources

295839

lease revenue

107246

lease receivable

6958046

lease term

480 month

extension options

120 months

value of lease receivable

7004671

monthly payments

11000

monthly payments

23000

interest rate

2.85 %

value of deferred inflows of resources

6773351

lease revenue

174085

termination period

12 month

termination period

24 month

initial lease receivables

436793

value of lease receivables

348999

monthly principal and interest payments

13278

interest rates

2.61 %

value of deferred inflows of resources

346370

lease revenue

90423

lease receipts

9299334

interest income

626697

ending balance

8886864

lease receipts

674612

interest income

206494

ending balance

8418746

lease receipts

595265

interest income

198709

ending balance

8022190

lease receipts

511113

interest income

192705

ending balance

7703782

lease receipts

483068

interest income

201577

ending balance

7422291

lease receipts

2259699

interest income

869888

ending balance

6032480

lease receipts

1431998

interest income

736675

ending balance

5337157

lease receipts

1485046

interest income

650155

ending balance

4502266

lease receipts

1515235

interest income

530689

ending balance

3517720

lease receipts

1546038

interest income

389912

ending balance

2361594

lease receipts

1577467

interest income

225235

ending balance

1009362

lease receipts

1054720

interest income

45358

total lease receipts

13760958

total interest income

4461624