Agenda - 05-20-2008-4t - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: May 20, 2008 Action Agenda Item No. ~{- - ~" SUBJECT: Lease Renewal: Moody Building -103 Laurel Avenue, Carrboro DEPARTMENT: Purchasing and Central Services PUBLIC HEARING: (Y/N) No ATTACHMENT(S): Lease Renewal INFORMATION CONTACT: Pam Jones (919) 245-2652 PURPOSE: To consider approving the renewal of a lease for the Moody Building at 103 Laurel Avenue, Carrboro, NC through June 30, 2011. BACKGROUND: The approximately 4,800 square feet contained in this building has been leased by the County since 1987. It is currently occupied by Court offices, for which the County is mandated to provide space, including Juvenile Services and Probation and Parole. In addition, several years ago, the County and the State's Intensive Probation and Parole office negotiated asub-lease for a portion of the space to allow for the more efficient service delivery of both divisions of Probation and Parole by allowing their co-location. A renewal of that sub- lease is included in a separate agenda item. The owner of the Moody Building has agreed to renew the lease with the County under the following terms and conditions: • Lease renewal commences July 1, 2008 and terminates June 30, 2011. • Lease rates as follows (reflects a 4% per year increase, which is consistent with CPI adjustments for this area): July 1, 2008 through June 30, 2009: $53,232 ($4,436/month/$11.09/s.f.) July 1, 2009 through June 30, 2010: $55,356 ($4,613/month/$11.53/s.f.) July 1, 2010 through June 30, 2011: $57,576 ($4,798/month/$12.00/s.f.) • The County will continue to reimburse the Owner for real estate taxes assessed against the leased premises. Property taxes in 2007 were $10,185 (approximately $2.12/square foot). • The County will continue to maintain the building. in the following manner: o Paint interior o Repair HVAC equipment ($2,000 annual maximum) o Perform normal plumbing maintenance (excludes repairs to water, drainage and sewer lines) o Perform normal minor electrical maintenance ($500 per repair maximum)