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K <br />term Social Services needs and make recommendations to the Board without losing this space <br />opportunity and the services it may support. <br />FINANCIAL IMPACT: The terms of the Lease Amendment mirror the terms of the existing <br />Hillsborough Commons lease (see Attachment 2, "Proposed Lease Modification "). The <br />Additional lease cost would be $127,462, or $12.60 per square foot. <br />In addition to the lease cost, the County would be responsible for utilities, maintenance, real <br />estate taxes, and insurance. Currently DSS is able to receive at least 50% administrative <br />reimbursement on these costs and anticipates that the net cost to the County for the lease and <br />utilities for the space would be less than $70,000 annually. <br />For Fiscal Year 2014 -2015, this cost is anticipated to be less than $35,000, which would be <br />funded through already budgeted County funds and anticipated Federal reimbursements. <br />Other one -time costs to equip the space would also be funded through already budgeted <br />County funds and anticipated Federal reimbursements. <br />RECOMMENDATION(S): The Manager recommends that the Board: <br />1. Approve a proposal to amend the Hillsborough Commons Lease to include the <br />recently vacated space adjacent to the Department of Social Services ( "DSS ") in <br />Hillsborough for the purpose of expanding employment and training efforts in <br />northern Orange County; <br />2. Authorize the Manager to execute the Lease Amendment upon County Attorney <br />approval during the Winter break; and <br />3. Authorize the DSS Director to budget unanticipated revenue received in this fiscal <br />year for any costs related to the lease and occupancy of the space. <br />