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Agenda - 09-19-2017 - 8-d - 401 Valley Forge Road Property Lease Modification – Builders FirstSource
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Agenda - 09-19-2017 - 8-d - 401 Valley Forge Road Property Lease Modification – Builders FirstSource
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Last modified
9/14/2017 4:57:38 PM
Creation date
9/15/2017 10:47:45 AM
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BOCC
Date
9/19/2017
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
8d
Document Relationships
2017-543 AMS - Builders FirstSource - Atlantic Group, LLC - Lease Agreement Modification
(Linked From)
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\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2010's\2017
2017-621 AMS - 401 Valley Forge Road Lease Modification
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\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2010's\2017
Minutes 09-19-2017
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\Board of County Commissioners\Minutes - Approved\2010's\2017
RES-2017-058 Resolution approving leasing property at 401 Valley Forge Rd., Hillsborough, NC, for up to ten years
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\Board of County Commissioners\Resolutions\2010-2019\2017
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2 <br /> Builders FirstSource will also continue to pay the County $34,914 as payment in lieu of taxes <br /> each year throughout the lease period. This payment in lieu amount may vary and is informed <br /> by the assessed rate managed by Orange County Tax Administration. Builders FirstSource will <br /> also continue to pay all utility and maintenance costs for the property. Orange County will <br /> continue to benefit from the economic impact of Builders FirstSource's regional distribution <br /> operation and employment investment located in Hillsborough. <br /> SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goals are applicable <br /> to this agenda item: <br /> • GOAL: ENSURE ECONOMIC SELF-SUFFICIENCY <br /> The creation and preservation of infrastructure, policies, programs and funding <br /> necessary for residents to provide shelter, food, clothing and medical care for <br /> themselves and their dependents. <br /> • GOAL: ESTABLISH SUSTAINABLE AND EQUITABLE LAND-USE AND <br /> ENVIRONMENTAL POLICIES <br /> The fair treatment and meaningful involvement of people of all races, cultures, <br /> incomes and educational levels with respect to the development and enforcement of <br /> environmental laws, regulations, policies, and decisions. Fair treatment means that no <br /> group of people should bear a disproportionate share of the negative environmental <br /> consequences resulting from industrial, governmental and commercial operations or <br /> policies. <br /> RECOMMENDATION(S): The Manager recommends the Board: <br /> 1) approve a Lease Modification to Builders FirstSource that provides a 10 year <br /> lease extension with two 5 year renewal options for County owned property <br /> located at 401 Valley Forge Road, Hillsborough; and <br /> 2) authorize the Chair to execute the Resolution for Lease and the Lease <br /> Modification upon final review of the County Attorney. <br />
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