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

Browse Search

O io Coltlwell Banker Sul[e Optlone In my opinion, the following options are available fo us In leasing [his space: 1) Lease the space to the Visitors Bureau ae par their request. s) Were the Boartl [c support Nls position, It Is sbgges[etl that we begin [he Visitors Bureau lease at $72.50 per square foot, which is a IMIe less Nan marlcet for that area, but In view of the upfit work [hat the Bureau will pay for, I [hlnk a fair one. bj We woultl anticipate asking the BOaN to approve alease for the space as with any other agency. The lease woultl recommentl a 3% annual cost of living Increase, thereby relsing the cos[ per square foot to approzlmately $12.88 In year two antl $13.26 in year three 2) Allow Coltlwell Banker N extend their lease Nr a period not to exceed three years. e) As a point of information. Coltlwell Banker wrrentty pays around $14.31 per square foot. They have requeafatl several upgratlea to the apace Nrough our agent, Steve Manton, If the County chooses N let them renew their lease. We would likely spend several thouaend dollere if we honored their request. b) Exercising this option woultl not appear to further Ne County'slang-term tlesire tc see the building used by non-profrf agencies wdh similar business Interests Existing Vlsltor's Bureau Suite Options If the Visitor's Bureau relocates N the Coltlwell Banker suite, the County will neetl N re-let their existing rentetl space in the building. Opgons that have been idenlifetl in that regartl are as follows: 1) One option woultl be to market the space antl rent @ out [o whomever shows interest in paying the rent. As referenced earlier, we have already solicitetl statements of interest in the apace for non-profit groups who have previously shown interest antl hatl no takers. 2) Another opHOn is to consider esfabllshing [he satellite oRico of the Human RigMS antl Relations Oepatlmenf (HRR)as rewmmendetl In the Space Study a[[hls location. That option is presently being tliswssetl with Annede Moore, Director of Human Rights antl Relatlons/COmmission for Women, however no resolution has been reachetl. The reasoning far Nis action is as follows: e) A substantial number of the clients servetl by HRR are resitlents from Ne southern part of [he County antl HRR recogn¢es that there is aservico neetl in the area. b) The specifications for the satellite office would closely correlate [o the Franklin Street location being Proposed (accessible, adequate parking, adequate space, etc). This move would not replace the Space Stutly recommentletion Net their Hillsborough location be moved to the Whidetl Builtling at such time expansion may be constructetl. However, the Chapel Hill once would sane as their sole location during the pedotl of lime between expiration of the lease at their current location (December 1, 2003) antl the Whlttetl expansion proposetl in the Stutly. The Whittetl expansion was proposetl in the Study as a Level 3 prged (tlevelopmentwlthln ]-10 years).