Orange County NC Website
Browse       Search
3 <br /> Highlights of the proposed terms and conditions of the lease are as follows: <br /> ♦Five-year term with five-year renewable option. <br /> 1$13 per square foot lease amount. <br /> ♦Escalation clauses equal to annual CPI. <br /> *Cleaning of facility is included. <br /> •Utilities are included, with exception of telephone service. <br /> ♦Maintenance is included. <br /> •Taxes and insurance costs are included. <br /> RECOMMENDATION: The Manager recommends that the Board approve a lease, contingent upon <br /> attorney and staff review, with Carolina Capital Resources (CCR), for 4416 square feet at 110 S. <br /> Churton Street, Hillsborough, NC, for a term of five-years at a lease amount of $13/sq.ft., lease <br /> escalation to be based on annual CPI;and authorize the expenditure of Commissioner's Contingency <br /> funds in an amount not to exceed $22,724; and authorize the Director of Purchasing and Central <br /> Services to serve notice of intent to vacate upon the Landlord of the space presently occupied by <br /> the Durham Tech Adult Basic Education Program; and authorize the Chair to sign on behalf of the <br /> Board. <br />