Agenda - 10-03-2000-8e - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS. ACTION AGENDA ITEM ABSTRACT Meeting Date: October 3, 2000 Action Agenda Item No. _ ~ - ~~ SUBJECT: `Lease Renewal; Driver's License Office at Carrboro Plaza DEPARTMENT: Purchasing and Central PUBLIC HEARING: (Y/N) No SeNICeS ATTACHMENT(S): INFORMATION CONTACT: Pam Jones. (919) 245-2652 Lease TELEPHONE NUMBERS: Hillsborough 732-8181 Chapel Hill 968-4501 Durham 688-7331 Mebane 336-227-2031 PURPOSE: To consider approving a lease renewal for space used by the Department of Motor Vehicles for a Driver's License office at Carrboro Plaza. BACKGROUND: The State of North Carolina has previously indicated that they provide only one Driver's License office per County. Orange County has provided space resources for a second office in the southern portion of the County for many years. The office has been located at Carrboro Plaza since 1986 through a lease paid for by the County. This action will extend the lease for 1200 square feet of space at Carrboro Plaza through January 31, 2004. The cost of the space has varied over the years, dependent in part on the economy and other factors present at the shopping center. The square footage amount being quoted by the Landlord is the same as the rent being paid in 1993, although it represents an approximate 15% increase over the most recent three-year renewal. (The circumstances present at the Center in 1993 made the space more marketable at a significantly less cast per square foot.) The shopping center has continually been improved over the past several years and now experiences close to full occupancy. The square footage rate negotiated for this renewal is $12.50 per square foot, with a 4% annual increase for years two and three. In addition, the County is billed far taxes, insurance and common area maintenance (TICAM)=charges of approximately $2.50 per square foot. The TICAM charges are adjusted annually according to the amount paid out on such things as taxes, insurance, grounds care, etc. FINANCIAL IMPACT: The County's annual contribution for the Driver's License office is approximately $.18,000, including rent and TICAM charges. The funds are budgeted in the Rents and Insurance account. RECOMMENDATION(S): The Manager recommends that the Board approve the three year renewal for space used by the Driver's License Bureau, located at Carrboro Plaza at the stated terms; and authorize the Chair to sign an behalf of the Board.