Agenda - 03-06-2014 - 6a - Laserfiche WebLink

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13 1 Wayne Fenton reviewed a circle graphic slide on stressed assets and resource 2 priorities. He said the goal was to see where uses can be improved to create the highest and 3 best value. He said the overlapping circles indicate areas where there is stress from a physical 4 assessment standpoint as well as the appropriateness of use. 5 Wayne Fenton reviewed the market value numbers from the table on page 43 of the 6 abstract. He said the Environmental and Agricultural Center (EAC) was the most stressed. He 7 said the original design of the building did not allow for much natural daylight, and the HVAC 8 system was not designed to heat and cool the building as it is currently laid out. 9 Jeff Thompson pointed out the market rental cost column on the chart, as related to the 10 square foot rate. He said the only building that falls into the stress category is the EAC. He 11 said this building is costing the County $11 per square foot, and the rental market value is only 12 $7-10 per square foot. 13 Wayne Fenton said there are assumptions, which are needed for taxes. He said if an 14 assessment is erroneous, it does not make the model more or less valid. The individual 15 assessments can be modified if necessary. 16 Commissioner McKee asked for an explanation of the annual costs per square foot. 17 Pete Dominico said this is the maintenance cost and the estimated depreciation. 18 Commissioner McKee asked what the cost of the rental space would include. 19 Pete Dominico said this is full service and would be all inclusive. He said this is why 20 some were estimated, in order to provide an apples to apples comparison. 21 Commissioner Gordon asked for clarification of stressed assets on page 43. 22 Pete Dominico said there were none in that category. 23 Commissioner Gordon referred to bullet 6 on page 5. She asked what this means and if 24 there will be an adopted intent. 25 Jeff Thompson said the intent is to inform the discussion in preparation for the CIP 26 process. He said the CIP is being submitted to finance in December, and the Board's 27 discussion and recommendations will help focus the staff's work in the CIP Process. 28 Commissioner Gordon questioned the adoption of projects prior to the annual CIP 29 process. However she said if this is just a definition of priorities, then that would be helpful. 30 She referred to the bottom of page 6 and asked if the areas that were not part of the 31 space study have been listed. 32 Jeff Thompson said no. 33 Commissioner Gordon referred to table 4 on page 23 and said asked for an explanation 34 of the meanings of the columns. 35 Pete Dominico said this table is the least defined item in all of commercial real estate. 36 He said an enormous amount of time was spent on this. He said there are guidelines to 37 classify space to lease out a building. He said that is what these numbers represent. 38 Jeff Thompson referred to page 13 of the abstract. 39 Commissioner Gordon asked for a more detailed explanation. 40 Jeff Thompson walked through an explanation of each column as it relates to the 41 Environmental and Agricultural Building. 42 Commissioner Gordon asked about page 26-27 and the Eurosport Soccer Center 43 parking lot repair. She asked if this large dollar amount for the cost is correct. 44 Staff could not answer that question at this time. 45 Commissioner Gordon questioned why buildings that are not very old would need to 46 have their HVAC systems replaced. 47 Pete Dominico said HVAC units are shown to have an expectant life of 15 years. He 48 said this is a 10 year capital plan, so any building that is greater than 5 years old will have a 49 replacement in this plan.