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1 <br />ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />Action Agenda <br />Item No. -=--Y <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: June 29, 1992 <br />SUBJECT: LEASE RENEWAL; MOODY BUILDING <br />---------------------------------------------- <br />DEPARTMENT: PURCHASING & CENTRAL SRVS. PUBLIC HEARING YES: NO:XX <br />----------------------------------------- <br />ATTACHMENT(S): INFORMATION CONTACT: PAM JONES <br />LEASE RENEWAL Telephone Number - <br />EXT 2650 <br />Hillsborough - 732 -8181 <br />Chapel Hill -967 -9251 <br />Mebane -227 -2031 <br />Durham -688 -7331 <br />PURPOSE: To consider renewing a lease for the Moody Building, <br />103 Laurel Avenue, Carrboro, NC. <br />BACKGROUND: . Since 1987 the County has leased space on Laurel Avenue <br />as offices for the Public Defender, Housing and community Development, <br />some DSS staff and a visiting office for Child Support Enforcement. As <br />you may be able to see, many of these offices will be re- located to the <br />Southern Human Services Building when it is built. Tentatively that <br />project would be completed in 1995. <br />The owner of the leased property has consented to two renewal options: <br />1. A five -year renewal which includes a 3% per annum increase; or <br />2. A three -year renewal with a 3% increase in year one and a 4.5% <br />increase in years two and three. <br />He has consented to allow us to renew this year with a 3% increase <br />($33,330 annual rent cost) but defer a decision on the remaining term <br />of the lease until June 30, 1993. By which time we will have defined <br />space needs for the new building and can better informed decision about <br />who, if anyone, should be located in the Laurel Avenue building. <br />