Agenda - 11-07-2001-8q - Laserfiche WebLink

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Memorandum TO: John Link, County Manager From: Pam Jones, Director of Purohasing antl Cen4al Services RE'. Coltlwell Honker's Imminent Lease Expiration at 501 W. Franklin Street Date: October 11. 2001 Purpose: The purpose of Nis memorantlum is to tllscuas options regeMing Ne use of apace currently leased from the County by Coldwell Banker at 501 W. Frenklin Street, Chapel Hill. This matter is time senstliva in respect to the notice that we should give Ne tenant Rwe choose not to renew [heir lease. Background As you are aware, the largest rental suite at 501 West Franklin SVeet Is the only one with street-front exposure antl is occupietl by Goltlwell Banker. Their lease expires Febmary 28, 2002. When the County purohasetl this property, which is atllacenl b the Bkills Development Center, the Hoam of Commissioners expressed a tlesire [o see the property eventually convert [o rent-paying public pupose tenants. Various suites have became available tluring Ne approximately six years in which the County has ownetl Ne property, howeveq no eligible agency has chosen to relocate to this space. WN the Impending opportunity to move the overall site tenancy closer N the BcaN's long-term wishes, in April 2001 I contacted the Town of Chapel Hill, Ne Orange County Visitors Bureau, Orange Community Housing, Inter-feiN Council end Habdat for Humanly, b feet their Interest in the leased apace. Inter-Faith Council inquiretl about the apace in passing, but has not shown further interest since that time. Wilhthe excepgon of the Visitors Bureau, the others declined. The Vislror's Bureau has expressed Mmiel Interest In occupying the suite at such time Coltlwell's lease terminates. Per my conversations with Joe Blake, they have a need for adtlitional space b accemmotlate not only their existing operation, but also Ne eventual integration of a Visitors Center with the Bureau. Further, Ne street-front location woultl be e real boos[ to the visitors ease of access, which is ctlticel for effegive Bureau service tlellvery. I[ is my belief and untlerstantling Nat the Visitors Bureau Boartl has formally supported this posi4on antl is preparetl to exewte a lease for approximately 3800 square feet of space. Since Ne subject was tliscussetl in the context of the Visitors Bureau budge[ end since the eoartl of Commissbners approvetl the renovation end incresaetl rent footle In the VielNr'e Bureau budget, l presume that [he eoaM would entlorse the use of the space for the Visitors Bureau. However, prior to giving fornal notice to Coldwell Banked walledbwnfiim that assumption.