Orange County NC Website
z <br />• The Owner will continue to maintain the building in the following manner: <br />o Repair and maintain the exterior of the building, including roof, exterior walls, <br />foundations, gutters and downspouts, sidewalks, drainage and sewer pipes. <br />o Perform repairs and maintenance to HVAC, plumbing and electrical facilities that <br />exceed the County's annual maintenance maximum. <br />o Maintain parking areas. <br />• All other terms of the lease remain the same. <br />This building continues to address a critical need for space in which to locate Court offices in <br />the southern part of the County at an affordable rate. Considering the tax contribution and the <br />base rent, the square foot rate recommended in this lease will range from approximately $11.72 <br />to approximately $12.33 per square foot. In addition, the opportunity to co-locate the other <br />court offices with the Intensive Probation/Parole function adds considerable operational <br />efficiency. <br />FINANCIAL IMPACT: Funds for this expenditure are budgeted in the Courts/Lease account. <br />The State's sublease for Probation/Parole office space will offset the County's contribution by <br />approximately $19,000 annually. <br />RECOMMENDATION(S): The Manager recommends that the Board approve the lease <br />renewal for the Moody Building through June 30, 2008 under the terms and conditions as <br />stated; and authorize the Chair to sign on behalf of the Board. <br />