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Annual lease income for the first two years of the lease renewal would be $262,500. Annual <br />lease income for years 3 -5 would be $288,750. <br />RECOMMENDATION(S): The Manager recommends the Board approve the tiered renewal <br />lease rate schedule of $2.50 per square foot for 24 months (months 1 -24) and $2.75 per square <br />foot for 36 months (months 25 -60) for property owned by the County at 401 Valley Forge Road, <br />Hillsborough and leased to Builders FirstSource. <br />