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VOTE: UNANIMOUS <br />c. Acquisition of Storage Facility <br />The Board considered approving the acquisition of a facility at 510 Meadowlands Drive, <br />Hillsborough, for use as a storage facility and office space. <br />John Link said that they are asking the Board to approve the acquisition of a new facility <br />called the Tweeter building at The Meadowlands. This is a facility for storage and for at least <br />three County departments for office space. The acquisition of this facility is also an important <br />step in efforts to improve capacity for space. <br />Purchasing and Central Services Director Pam Janes made a PawerPoint presentation. <br />510 Meadowlands Drive <br />EMS EQUIPMENTISUPPLIES <br />ELECTIONS EQUIPMENT <br />(some slides were pictures only) <br />• ~ 1.000 s. f. warehouse <br />• ~ 1, 000 s.f, offices (on two levels} <br />• Up fo 30, 000 s, f. expansion area on site <br />• Ample parking for full build out <br />Terms <br />• $ 9.735 million <br />- $1.7 million: building (approximately $77/s.f.} <br />- $35,000: equipment and furnishings (forklift, pallet, furniture, etc.) <br />• $50K down payment <br />• Owner financed <br />- 10 years <br />- 5% interest <br />• Contingent upon LGC approval <br />Proposed Occupants <br />• EMS Administrative Divisions <br />• Economic Development <br />• lnformafion Systems <br />EMS <br />• Nigh Priority in Space Needs Update 2005 <br />Elections <br />• EDC is relocating to allow BOF expansion at existing site <br />