Agenda - 05-06-1998 - 8c - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS Action Agenda Item No. $-C ACTION AGENDA ITEM ABSTRACT Meeting Date: May 6, 1998 SUBJECT: Lease Renewal; 501 West Franklin Street, Suite 105 DEPARTMENT: PURCHASING AND Public Hearing: No CENTRAL SERVICES Budget Amendment Reqd? No ATTACHMENT(S): Proposed lease INFORMATION CONTACT: PAM JONES, ext. 2650 Telephone Number- Hillsborough 732-8181 Chapel Hill 967-9251 Mebane 227-2031 Durham 688-7331 PURPOSE: To consider approving a two year lease for Rental Resources of Durham/Chapel Hill at 501 West Franklin Street, Suite 105. BACKGROUND: Rental Resources of Durham/Chapel Hill occupies suite 105 at 501 West Franklin Street. The lease expired effective April 30, 1998, however, renewal has been delayed to allow time to determine with certainty the source of water problems in the suite. As a note of background, the suite has been afflicted with water problems for some time. Evidence of a roof leak was apparent, however, when the roof was repaired the floor continued to remain wet after heavy rains. Hydrostic water was ultimately determined to be source of the water through the collaborative efforts of the Skills Development contractor, the County Engineer, the County's property manager at 501 West Franklin Street and a geologist. The renovation work for the Skills Development Center will be modified to include a permanent solution to keep the rental suite dry. With the water problem in check, the tenant has expressed a desire to renew the lease for the space under the following terms: - Term of lease to be for two years, effective June 1, 1998; - Lease amount: $1050.63 per month ($12,607.56), with a 2.5% increase during the second lease year ($1076.89/month, $12,922.68 per year); - Taxes-in-lieu assessment estimated to be $102/ month; - Tenant is responsible for all utilities; - Tenant is responsible for all cleaning services;