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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> Action Agenda <br /> Item No. 20-A <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: June 30 ,1997 <br /> SUBJECT: Lease Approval; 501 West Franklin Street; Suite 201 <br /> DEPARTMENT: PURCHASING AND Public Hearing: No <br /> CENTRAL SERVICES Budget Amendment Reqd? No <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> PAM JONES, ext. 2650 <br /> Proposed lease <br /> Telephone Number- <br /> Hillsborough 732-8181 <br /> Chapel Hill 967-9251 <br /> Mebane 227-2031 <br /> Durham 688-7331 <br /> PURPOSE: To consider approving a lease with Queue Corporation for space owned <br /> by the County at 501 West Franklin Street, Suite 201. <br /> BACKGROUND: Queue Corporation is the proposed tenant for suite 201 at the <br /> referenced property. This company is involved in engineering hardware and software <br /> solutions for ambulatory health care facilities intended to improve patient flow and <br /> overall efficiency. Highlights of the proposed agreement are as follows: <br /> • Lease rate for the 861 square foot suite is $12 per square foot ($113,332 per year); <br /> • Escalation of 3.5% in year two; <br /> • Term of the lease is two years; <br /> • Tenant will pay all utilities; <br /> • Tenant will pay for cleaning; <br /> • Annual payment in lieu of taxes for this property will be approximately $1,152 <br /> ($96/month). <br /> Other terms and conditions parallel the lease which the Board recently approved for <br /> another tenant at this facility. <br /> RECOMMENDATION: The Manager recommends that the Board approve the lease <br /> with Queue Corporation at the aforementioned terms; and authorize the Chair to sign on <br /> behalf of the Board. <br />