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z <br />A one-year extension of the existing lease is recommended in order to allow for final decisions <br />and upfit of the Valley Forge Road site for the operations base, The landlord of the current <br />parks operations base has indicated a willingness to work with the County to re-lease the <br />current site if the upfit of the Valley Forge site is ready for occupancy prior to the July 31, 2006 <br />lease expiration. <br />The terms of the lease approved by the Board in 2004 provide that the lease may be extended <br />far one-year with a 3% escalation in the current lease amount (currently $33,000 per year going <br />to $33,990 per year). All other terms remain the same, <br />FINANCIAL IMPACT: Funds to support the lease extension are included in the 2005-2006 <br />Manager's Recommended. Budget, <br />RECOMMENDATION(S): The Manager recommends that the Board authorize the extension <br />of the current lease for the parks operations base through June 30, 2006 at a rental fee of <br />$33,990 per year, Hating that lease may be terminated earlier per mutual agreement between <br />the County and the Landlord. <br />