Title:
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Approve and authorize the Chairman to execute Addendum A to Lease No. 2023-064 for the Supervisor of Elections which extends the current agreement through March 31, 2027 with two (2) renewal options of one (1) year each. The annual rent increase is $43,603.20 for a total of $327,024. District5 - Herr (Stephen Koontz, Assistant County Manager)
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Division:
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Administrative Services-Real Estate
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Authorized By:
Stephen Koontz, Assistant County Manager
Contact/Phone Number:
Shane Fischer/407-665-7414
Background:
On May 12, 2024, the Board approved Commercial Lease No. 2023-064 with the Sanford Airport Authority to provide a total of 18,168 square feet of lease space for the Supervisor of Elections. The lease commenced on April 1, 2024 through March 31, 2026 with three (3) renewal options of one (1) year each.
The proposed Addendum A to Lease No. 2023-064 extends the current agreement through March 31, 2027 with two (2) renewal options of one (1) year each. The Landlord will continue to pay for exterior maintenance while County will continue to pay for utilities and all interior maintenance. County has taken on expenses for pest control, janitorial services and HVAC maintenance services. Lease rate is set to increase from $15.60/SF to $18.00/SF resulting in an increase in monthly rent of $3,633.60 or $43,603.20/year.
The budget for this item is in account business unit #010531.
Requested Action:
Staff requests the Board approve and authorize the Chairman to execute Addendum A to Lease No. 2023-064 for the Supervisor of Elections which extends the current agreement through March 31, 2027 with two (2) renewal options of one (1) year each.