Title
Chief Administrative Office recommending the Board authorize the Chair to sign Amendment II to Lease Agreement 617-L0711 with Briw Office Investors in the amount of $10,686.08 per month commencing April 1, 2012 and ending March 31, 2014, exercising the first and second options for two additional one-year terms for the Department of Child Support Services located at 3057 Briw Road, Suite B, in Placerville. The monthly cost for 9,056 square feet is $1.18 per square foot. (Refer 3/10/09, Item 8)
FUNDING: State and Federal Child Support funding.
Body
BUDGET SUMMARY:
Total Estimated Cost 2 add'l years $256,465.92
Funding
Budgeted $256,465.92
New Funding $
Savings $
Other $
Total Funding Available $256,465.92
Change To Net County Cost $0
Fiscal Impact/Change to Net County Cost:
The Department of Child Support Services included $32,058.24 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 II to Lease Agreement #617-L0711.
Background:
The Department of Child Support Services has leased this facility since December 1996. On March 27, 2007, the Board approved Lease Agreement #617-L0711 for a term ending March 31, 2012 with the option for three additional one-year terms. On March 10, 2009, the Board approved Amendment I to Lease Agreement #617-L0711 reducing the base rent and eliminating the 2% annual rent increase.
Reason for Recommendation:
The Department of Child Support Services has expressed the need to exercise the first and second options to extend Lease Agreement #617-L0711 for two additional one-year terms. Amendment II to Lease Agreement #617-L0711 extends the term to March 31, 2014 and requires the Lessor to paint, repair and update the building as necessary.
Action to be taken following Board approval:
1. The Chair will sign the two originals of Amendment II to Lease ...
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