Title
Department of Transportation recommending the Board authorize the Chair to sign Amendment III to Lease Agreement 046-L9611 with Briw Office Investors in the amount of $33,050.36 per month commencing January 1, 2012 and ending December 31, 2013 exercising the second and third options for two additional one-year terms for the Health and Human Services Agency located at 3057 Briw Road, Suite A, in Placerville. The monthly cost for 29,819 square feet is $1.11 per square foot.
FUNDING: State and Federal funds with County match met primarily from Realignment funds.
Body
BUDGET SUMMARY:
Total Estimated Cost $793,208.64
Funding
Budgeted $198,302.16
New Funding $
Savings $
Other* $594,906.48
Total Funding Available $793,208.64
Change To Net County Cost $0
*To be included in the Health and Human Services Agency’s Fiscal Year (FY) 2012/2013 and 2013/2014 budgets.
Fiscal Impact/Change to Net County Cost:
The Health and Human Services Agency included $198,302.16 for this renewal in its FY 2011/2012 budget and will include funds in its FY 2012/2013 and FY 2013/2014 budget requests for the remaining term of Amendment III to Lease Agreement #046-L9611.
Background:
The Health and Human Services Agency has leased this facility since 1995. On October 31, 1995 the Board approved Lease Agreement #046-L9611 for a term ending December 31, 2002 with the option for three additional one-year terms ending December 31, 2005. On March 15, 2005 the Board approved Amendment I to Lease Agreement #046-L9611 for a term ending December 31, 2010 with the option for three additional one-year terms ending December 31, 2013. On December 14, 2010 the Board approved Amendment II to Lease Agreement #046-L9611 (reference Legistar # 10-1149) exercising the first option to extend the term one additional year to December 31, 2011, eliminating the 2% annual increase and requiring the Lessor to provide and pay for snow ...
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