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ORANGE COUNTY <br />BCi~ARD OF COMMISSIONERS <br />ACTII')N AGENDA ITEM ABSTRACT <br />McE~ting Date: November 18, 2003 <br />Action Agenda <br />Item No. ~-~ <br />SUBJECT: Lease Renewal: 50'I W. Franklin Street, Suite #105 <br />DEPARTMENT: Purchasing and Central PUBLIC HEARING: (Y/N) No <br />Services <br />ATTACHMENT(S): <br />INFORMATION CONTACT: <br />Pam Jones (919) 245-2652 <br />Lease Renewal/Terradotta.com, Inc. <br />TELEPHONE NUMBERS: <br />Hillsborough 732-8181 <br />Chapel Hill 968-4501 <br />Durham 688-7331 <br />Mebane 336-227-2031 <br />PURPOSE: To consider approving a lease renewal with Terradotta.com, a software consulting <br />firm, for space at 501 W. Franklin Street commencing on December 3, 2003 through December <br />2, 2004. <br />BACKGROUND: A software consulting firm, Terradotta.Com, Inc., has leased suite 105 at 501 <br />W. Franklin Street since December 2, 2002. The tenant wishes to renew the lease for one <br />additional year. The current lease oaf $650 per month is recommended to increase to $675 per <br />month, a 3.8% increase. The ten~~nt would continue to pay for all utilities, cleaning and interior <br />maintenance of the space. <br />No further modifications to the original lease are suggested. <br />FINANCIAL IMPACT: The County would receive $8,100 in rent as a result of this action. <br />RECOMMENDATION(S): The Manager recommends that the Board: <br />Approve the lease renewal as presented for Terradotta.com for the term December 3, 2003 <br />through December 2, 2004 for a monthly rental fee of $675; and authorize the Chair to sign <br />on behalf of the Board. <br />