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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: November 6, 2008 <br />Action Agenda <br />Item No. ~ - k <br />SUBJECT: Lease Renewal: 501 W. Franklin Street, Suite #105 <br />DEPARTMENT: Purchasing and Central Srvcs. PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />Lease Renewal/Terradotta.com, Inc. <br />INFORMATION CONTACT: <br />Pam Jones (919) 245-2652 <br />PURPOSE: To consider approving a lease renewal with Terradotta.com, asoftware consulting <br />firm, for space at 501 W. Franklin Street commencing on December 3, 2008 through December <br />2, 2009. <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 for one <br />additional year. The current lease of $800 per month is recommended to increase to $825 per <br />month (3% 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 $9,900 in rent as a result of this action. <br />RECOMMENDATION(S): The Manager recommends that the Board approve the lease renewal <br />as presented for Terradotta.com for the term December 3, 2008 through December 2, 2009 for <br />a monthly rental fee of $825; and authorize the Chair to sign on behalf of the Board. <br />