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$11 and $13 per square foot per year, with the tenant paying for its own utilities and janitorial, <br />resulting in an annual lease payment to the County of $39,048 - $46,152. <br />County Management and the County Attorney advise that a formal lease agreement with SC of <br />OC, Inc. needs to be approved by the BOCC to clarify its relationship to Orange County <br />government and distinguish its independence as a community -based private nonprofit. A term <br />lease payment of $1 is recommended in light of SC of OC, Inc.'s limited financial resources with <br />a written understanding that Orange County can re- evaluate the lease payment amount should <br />the nonprofit's economic circumstances change and /or the rental space discontinue public <br />purpose use. The lease is renewable for a period of five years. <br />FINANCIAL IMPACT: There is no financial impact associated with BOCC approval of the <br />resolution approving the lease agreement with SC of OC, Inc. <br />RECOMMENDATION(S): The Manager recommends the Board open the public hearing, <br />receive public comments, close the public hearing, approve and authorize the Chair to sign the <br />resolution authorizing the lease to Senior Care of Orange County, Inc., and ratify the signed <br />lease agreement. <br />