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Agenda - 11-07-2001-8q
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Agenda - 11-07-2001-8q
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Last modified
9/2/2008 12:54:24 AM
Creation date
8/29/2008 10:35:17 AM
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BOCC
Date
11/7/2001
Document Type
Agenda
Agenda Item
8q
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2001 NS Purchasing - Terradotta.com Lease Status at 501 W. Franklin Street, Chapel Hill
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\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2000's\2001
Minutes - 20011107
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Path:
\Board of County Commissioners\Minutes - Approved\2000's\2001
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3) The following table is inlentletl to tlepic[[he vatlous optons antl [heir wnesponding fnancial <br />Impact: <br /> stinu~BU$ea .FL rS Uarv FONLOtl eGmtletl AnnYBI Ren! <br />rtenl'. <br />CdtlrvellBmker 3e9 E1d 31 $54)W.13 <br />Isibh BUreeu 150 $93 $W,W00A <br />Cm2nl Mnual nryEpue $E9,]]].13 <br /> <br />0 On l: RMax COIUwall Benkerhr3 ms.p szYm¢59M dnnYilCOtA <br />GdMrell ea~kaf 304 g14.i $56,348.31 <br />Ieibfe BUreeu 15A $9.3 $14%OW <br />noel Revenue tlonl S]a,41B.31 <br /> <br />on 9:Yeifore BUnwtekee COldxellB a <br />Iflbre BUreeu 301 $125 $4]]8].50 <br />Re+<mNdiara B9redur k¢ 15AC steer szl wA.oo <br />Midlmamnddaal RaadYaq Md II feeaasw <br /> <br />OiRerenskeM1reen Lmrem Mnual Recenue antl0 lion2 $103] <br />Maumum 0iflererce beMSnO 'onlb Wn3 $163081 <br /> <br />In fpeevenf HRR movNN Nsllefe Bureau 5 ace, Ne renthom <br />11c 6. LM1UM1On BfrMf vroultl~ellminefetl elemblmum aevlnAeW $AA,01200 <br />Basetl cn my evaluation of ihevarious options available to us, I would make the follcwing <br />remmmentlaticnsmyoo antl the ecartl: <br />i) Coltlwell Benkar. <br />e) Glve them written notice of our intent to noo-renew their lease at Febmary 28, 2002. <br />b) Offer them an extension of[he lease through May 31, 2002 if they need the additional <br />time to upN new space antl relocate. <br />2) VisRofs Bureau. <br />a) Approve[he Vlshor's Bureau requestb occupy the current Coltlwell Banker suite. <br />b) Oevelapalease for BOCC approval that esbblishes a$12.50/square foot rentemount, <br />with a 3%ennuel escalation end they pay for upflt. Thla lease woultl be broughtb the <br />BoaN by the antl of November. <br />3) Work wdh Human Rights and Relefions regaNing the pros and cons of relocating to 501 <br />West Franklin Street <br />4) In the absence of an acceptable solution for FiRR at the 501 site, place the suite on the <br />open madcet and request the preperly agent to begin seeking a tenant. <br />In the interest of providing suffmien[ response time to Coltlwell Benkeq we neetl to tlecitle the <br />status oRheirlease extensicn within the nex[tew weeks. To Shat entl,lwoultl reques[[hat [he <br />item be calentlaretl for the November ] Boartl meeting. In the meanflme, shoultl you have <br />questions crwmments regaNing this issue, linvitb you to call me directly. Thanks, John. <br />
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