Title
General Services Department requesting authorization to exercise the first option to extend retroactive Lease Agreement 159-L9911 with Ernest Fortino and Marie Fortino Trustees or successors of the 1994 Ernest Fortino an Maria Fortino Revocable Trust in the amount of $3,112.70 per month for an additional one year term July 1, 2007 through June 30, 2008 for office space located at 1029 Takela, Suite 5 in South Lake Tahoe for the Department of Human Services Job One program.
FUNDING: State and Federal.
Body
BUDGET SUMMARY: |
|
|
Total Estimated Cost |
|
$37,352.40 |
|
|
|
Funding |
|
|
Budgeted |
$37,352.40 |
|
New Funding |
$ |
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Savings |
$ |
|
Other |
$ |
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Total Funding Available |
$37,352.40 |
|
Change To Net County Cost |
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0 |
Fiscal Impact/Change to Net County Cost: The Department of Human Services has advised General Services that funds are included in their FY2007-08 budget request.
Background: The County of El Dorado has leased this facility since October 27, 1998 for the Department of Human Services, Job One Program.
Reason for Recommendation: The current facility lease agreement expires on June 30, 2007 and the Department of Human Services has expressed their desire to exercise the option to extend the lease for an additional one (1) year term commencing July 1, 2007 and ending on June 30, 2008. The lease amount is $3,112.70 per month at a cost of $1.70 per square foot. This lease is retroactive to July 1, 2007.
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.