Agenda - 04-07-2009 -6b - Laserfiche WebLink

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The combined cost of the maintenance and operating expenses is approximately $ 0.39 per space per day, or a total $28,fi32 per year. Terms of the attached Parking Deck Lease (Attachment #3) are summarized as follows: • The term of this lease expires on December 31, 2049, with one year renewals allowed beginning January 1, 2050. • The term of the lease commences February 25, 2009 with respect to 120 parking spaces; o The County will pay $14,590.55 in operating costs for these spaces no later than April 10, 2009; • The term of the remaining 80 spaces will commence upon the date of closing of the County's purchase of the office building and library, anticipated in the summer 2009; o The County will pay $11,452.80, pro-rated as of the date of the office building and library closing for these spaces (for example, assuming a July 1, 2009 closing on the office building and library that amount will be $5,647.95) • Annual operating costs throughout the balance of the term will be based on actual costs documented for the previous year; • Rent is $1 per space/per year for the life of the lease; • Landlord will notify County frst in the event the deck is placed up or sale during the lease term. The County shall have 45 days in which to respond. The County will also have the opportunity to respond to a third party's bona fide offer to buy the deck made to the Landlord during the lease term. • Landlord may install systems, equipment and apparatus they deem necessary to control and regulate access to the deck. The County will pay for access cards and/or identification cards in such case. • Landlord is responsible for maintenance, upkeep and repair of the parking deck and adjoining grounds. • County has exclusive use of the spaces outside the deck and along N & K Street. FINANCIAL IMPACT: Amendments to Purchase and Sale Agreements and CMAR Agreement. The Amendments add a total of $225,788 to complete the design, construction and purchase of the Library and OfFce Building parts of the new County Campus, bringing their total to $18,610,43fi. Much of the amendment amount can be attributed to providing emergency generator power to ensure the uninterrupted service of the county's data center housed at this location. No amendment is needed to the overall County Campus project budget. The overall County Campus project budget remains $25,700,000. Reconciliations of project costs and payments follow.