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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: November 15, 2005 <br />Action Agenda <br />Item No. 5-, <br />SUBJECT: Lease Renewal: 501 W. Franklin <br />DEPARTMENT: Purchasing and Central <br />Services <br />Suite #105 <br />PUBLIC HEARING: (YIN) <br />ATTACHMENT(S): <br />Lease Renewal/Terradotta,com, Inc. <br />INFORMATION CONTACT: <br />Pam Janes (919) 245-2652 <br />TELEPHONE NUMBERS: <br />Hillsborough 732-8181 <br />Chapel Hill 968-4501 <br />Durham 688-7331 <br />No <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, 2005 through December <br />2, 2006, <br />BACKGROUND: A software consulting firm, Terradotta.Com has leased suite 105 at 501 W, <br />Franklin Street since December 2, 2002. The tenant wishes to renew the lease far one <br />additional year, The current lease of $700 per month is recommended to increase to $725 per <br />month, a 3,6% increase. The tenant 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 $8,700 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, 2005 <br />through December 2, 2006 for a monthly rental fee of $725; and authorize the Chair to sign <br />on behalf of the Board. <br />