Agenda - 05-08-2002 - 8l - Laserfiche WebLink

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A � ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Dale: May 8, 2002 Action Agenda Rem No. �_L SUBJECT: Lease Renewal: Moody Building DEPARTMENT: Purchasing and Central PUBLIC HEARING: (Y/N) No Services ATTACHMENT(S): INFORMATION CONTACT: Pam Jones (919)245-2552 Lease Renewal TELEPHONE NUMBERS: Hillsborough 7324181 Chapel Hill 8684501 Durham US-7331 Mebane 336.22]4!031 PURPOSE: To consider approving the renewal of a lease for the Moody Building at 103 Laurel Avenue, Cariboro, NC through June 30, 2005. BACKGROUND: The approximal 4800 square feet contained in this building has been leased by me County since 1987. It is currenlly occupied by Court support offices, including Iwo sections of Probation and Parole. The State sub-leases a portion of the building for Probation and Parole offices for which they are responsible (see separate agenda item for renewal of that sublease). The sublease with the State coincides with the term of the County's lease with the Owner. The owner of the facility has agreed to renew the lease with the County under the following terms and conditions: • Lease renewal commences July 1, 2002 and terminates June 30,2005. • Lease rates as follows; (reflects a 3% per year increase): o July 1. 2002 through June 30, 2003: $44,150 o July 1, 2003 through June 30, 2004: $45,475 o July 1, 2004 through June 30, 2005: $46,839 The County will continue In reimburse the Owner for real estate taxes assessed against the leased premises. Property taxes in 2001 were approximately$7,000. • The County will continue to maintain the building in the following manner: • Paint interior • Repair HVAC equipment($2,000 annual maximum) • Perform normal plumbing maintenance (excludes repairs to water, drainage and Sewer lines) • Perform normal minor electrical maintenance ($500 per repair maximum) • Maintain the floor coverings