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e <br /> 1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> Action Agenda <br /> Item No. <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: `February 20, 1996 <br /> SUBJECT: LEASE APPROVAL;503 WEST FRANKLIN STREET <br /> DEPARTMENT: PURCHASING AND Public Hearing:Yes: No: R <br /> CENTRAL SERVICES Budget Amendment Reqd?Yes <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> PAM JONES, ext.2650 <br /> COMPARITIVE DATA or TED ABERNATHY ext.2325 <br /> LEASE Telephone Number- <br /> Hillsborough 732-8181 <br /> Chapel Hill 967-9251 <br /> Mebane 227-2031 <br /> Durham 688-7331 <br /> PURPOSE: To approve a lease for a building at 503 West Franklin Street to be used for a Skill Development <br /> Center. <br /> BACKGROUND: Following the discussion on January 16, 1996 regarding the Skill Development Center,the <br /> Board requested that the following action be taken: <br /> 2 County staff was to negotiate the most favorable lease for 503 West Franklin Street and present it for <br /> Board approval. <br /> 3 Staff was to ensure as part of these negotiations that the following items were addressed: <br /> a. HVAC system was in good operational order; <br /> b. The restrooms were brought up to a functional standard appropriate for the intended use <br /> of the building; <br /> c. The roof was sound; <br /> d. The electrical service was sufficient for the intended purpose. <br /> 4 Staff was to indicate to the Board how this lease was to be funded;current and future years. <br /> 5 Additional programming details were to be presented for Board consideration. <br /> An item by item comparison of anticipated lease terms and cost estimates vs. actual lease terms and cost <br /> estimates is included as attachment#1. A summary of the negotiation outcome is as follows: <br /> Lease terms negotiated with Landlord: <br /> Amount of square footage included in lease: 13,232 <br /> Lease rate: $7.50/s.f. (includes all taxes) <br /> Total lease annual lease obligation: $99,240 <br /> Term of lease: 5 years;5 year renewals; begins February 22, 1996. <br /> Escalation term: CPI <br /> Second right of refusal to purchase included in lease(Note: First right of refusal held by Chapel Hill Publishing <br /> Company) <br /> Utilities;County responsibility <br /> Cleaning;County responsibility <br /> Maintenance: County provides routine maintenance for walls&ceilings(painting), floor coverings, normal <br />