Orange County NC Website
1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: April 15, 2014 <br /> Action Agenda <br /> Item No. 7-d <br /> SUBJECT: Morinaga America Foods Temporary Office Lease — Link Government Services <br /> Center, Lower Level <br /> DEPARTMENT: Asset Management Services, PUBLIC HEARING: (Y/N) No <br /> Economic Development <br /> County Attorney <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> 1) Site Locator; Floor Plan Jeff Thompson, 919-245-2658 <br /> 2) Lease Steve Brantley, 919-245-2326 <br /> 3) Key Lease Terms John Roberts, 919-245-2318 <br /> PURPOSE: To consider: <br /> 1) approving a 12 month lease with Morinaga America Foods for temporary office space <br /> in the Link Government Services Center at 200 South Cameron Street, Hillsborough; <br /> 2) authorizing the Chair to sign all necessary documents upon final review of the County <br /> Attorney. <br /> BACKGROUND: Morinaga America Foods ("Morinaga") is aggressively developing its <br /> manufacturing and operations facility in Orange County and expects to be complete in the fall of <br /> 2015. Morinaga is interested in leasing temporary office space for its President, Toshiaki <br /> Fukunaga, and key staff in advance of the completion of the permanent facilities. <br /> The contemplated space is located in the lower level of the Link Government Services Center in <br /> Hillsborough (note Attachment 1: Site Locator and Contemplated Floor Plan). The County has <br /> immediately available and currently under-utilized space in the facility that is suitable for the <br /> temporary facilities for Morinaga. This Lease arrangement benefits Morinaga in its plan to begin <br /> operations in Orange County in advance of its full operations build-out. The proposed Lease is <br /> Attachment 2. Attachment 3 illustrates the key Lease terms. <br /> FINANCIAL IMPACT: The County would receive a total of $8,076 for the rental of the <br /> "Morinaga Phase 1 area" during the term of the Lease. Should Morinaga exercise its option to <br /> increase its leased area, the additional space would be pro-rated at $14 per square foot through <br /> the remaining term of the Lease. <br /> RECOMMENDATION(S): The Manager recommends that the Board: <br /> 1) approve a 12 month lease with Morinaga America Foods for temporary office space in <br /> the Link Government Services Center at 200 South Cameron Street, Hillsborough; <br /> and <br /> 2) authorize the Chair to sign all necessary documents upon final review of the County <br /> Attorney. <br />