Title
General Services Department requesting authorization to exercise the second option to extend Lease Agreement 607-L0211 with Robert Earl Olson and Martha Waddell Olson in the amount of $1,296.45 per month for an additional two year term commencing June 1, 2007 and ending on May 31, 2009 for office space located at 415 Placerville Drive, Suites M & N, in Placerville for the Public Health Department.
RECOMMENDED ACTION: Approve.
Body
BUDGET SUMMARY: |
|
|
Total Estimated Cost |
FY 2006-07 |
$1,296.45 |
|
|
|
Funding |
|
|
Budgeted |
$1,296.45 |
|
New Funding |
$ |
|
Savings |
$ |
|
Other |
$ |
|
Total Funding Available |
$1,296.45 |
|
Change To Net County Cost |
|
$0 |
Fiscal Impact/Change to Net County Cost:
The FY 2006-07 cost for the lease option is $1,296.45 (1 month). The Public Health Department has advised General Services that funds will be included in their FY 2007-08 budget request for next fiscal year.
Background:
The County of El Dorado has leased this facility since June 11, 2002 for the Public Health Department located in Placerville.
Reason for Recommendation:
The current facility lease agreement expires on May 31, 2007 and the Public Health Department has expressed their desire to exercise the option to extend the lease for an additional two (2) year term commencing on June 1, 2007 and ending on May 31, 2009. The lease amount is $1,296.45 per month and the cost per square foot is $1.02.
Action to be taken following Board approval:
Upon approval by the Board, General Services will forward the official notification to the Lessor.
Contact: George Sanders
Concurrences: County Counsel and Risk Management have approved the lease and a copy is on file in the Board Clerk's Office.