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....._._... .. <br /> Lease/Purchase of Hillsborough Commons for Use by Social Services and the Health Department <br /> Lease/Purchase Assumptions: <br /> County leases property effective April 1, 2008. <br /> County takes advantage of purchase option in Feburary 2012. <br /> County pays lease quoted lease amount through January 2012. <br /> County receives$15,000 per month credit each month rent is paid <br /> up to a total of$720,00. <br /> County pays for upfit above$600,000 <br /> Health Department operations currently located at Whiffed Building <br /> Reflects reimbursement for approximately <br /> Would be relocated to this facility at such time purchase was <br /> 1/2 of the 108,000 square feet included in <br /> completed. the entire facility. Health might also bring <br /> some reimbursement,although a variable <br /> rate. <br /> Estimated Total <br /> Cost After <br /> Estimated Total Anticipated <br /> Minimum Cost Reimbursements <br /> Lease amount through Febrary 2012 $2,611,972 $1,305,986 <br /> County responsibility upfit costs $1,400,000 $700,000 Some Med Max$may be available <br /> Furniture/Equipment for news ace $1,000,000 $500,000 V <br /> to offset costs;$amount is <br /> Purchase rice, if exercised b deadline $14,829,000 $11,121,750 undetermined and not reflected in <br /> these estimates <br /> Estimated upfit costs for Health Department in the new space (this $8,750,000 $8 750,000 <br /> would not occur until the property was purchased in 2012.) <br /> Some Med Max$may be available <br /> Estimated furniture/fixtures costs for Health Dept. $750,000 $750,000 \to offset costs; $amount is <br /> Total estimated cost to upfit property for human services deliv $29 340 972 $23 127 736 undetermined and not reflected in <br /> these estimates <br /> What we have at the end of this project: Assumes$175/sf upfit costs,which include all work,permits, <br /> 10 acres of land architect fees,etc. Also assumes health department would take <br /> 108,000 square feet of usable building for DSS and Health entire balance of WHSC space,which may not be necessary. <br /> operations(or other departments as might be appropriate) Potential to leave some existing leases in place(like for restaurants) <br /> Adequate parking for operations and get revenue to help offset expenses. <br /> Health Dept expands into space at SHSC previously occupied by <br /> DSS (minus 5000 sf for critical services), which provides sufficient <br /> space for dental and personal health clinics for the foreseeable <br /> future. <br /> Will deliver the quickest response to providing space for DSS <br /> without interim moves. OCR <br /> Whiffed Buildino available for alternative uses <br /> 01/14/2008 <br />