Agenda 04-20-1999 - 8e - Laserfiche WebLink

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/ Lease increases to $42,864 annually, effective July 1, 1999 throughout the life of the renewal (total 7% increase for three-year period). / Lease renewal commences July 1, 1999 and terminates June 30, 2002. / The County will continue to reimburse the Owner for real estate taxes assessed against the leased premises. Property taxes in 1998 were approximately $5,000. / The County will continue to maintain the building in the following manner: / Paint interior / Repair HVAC equipment ($2,000 annual maximum) / Perform normal plumbing maintenance (excludes repairs to water, drainage and sewer lines) / Perform normal minor electrical maintenance ($500 per repair maximum) / Maintain the floor coverings / The Owner will continue to maintain the building in the following manner: / Repair and maintain the exterior of the building, including roof, exterior walls, foundations, gutters and downspouts, sidewalks, drainage and sewer pipes; / Perform repairs and maintenance to HVAC, plumbing and electrical facilities that exceed the County's annual maintenance maximum. / Maintain parking areas. / All other terms of the lease remain the same. FINANCIAL IMPACT: Funds for this expenditure are budgeted in the Courts/Lease account. The net cost of the lease to the County is approximately $25,000 per year. RECOMMENDATION(S): The Manager recommends that the Board approve the three year lease renewal for the Moody Building at 103 Laurel Avenue, Carrboro with terms and conditions as cited; and authorize the Chair to sign on behalf of the Board.