TITLE:title
Lease Approval - 2630 Nelda Drive, Monroe, NC
body
INFORMATION CONTACT:
Christopher J. Boyd, Facilities & Fleet Management, Director, 704-283-3868
ACTION REQUESTED:
Authorize the County Manager to 1) negotiate and execute an agreement substantially consistent with this agenda item, 2) exercise any renewal or extension term options set forth in the Agreement, and 3) terminate the Agreement if deemed in the best interest of the County, each in the County Manager's discretion.
PRIOR BOARD ACTIONS:
August 16, 2010, Regular Meeting, Agenda Item #16 - Original Lease approved
BACKGROUND:
Union County has leased the property at 2630 Nelda Drive since 2010. The current lease expires on February 28, 2026. This location has served as office space for Adult Probation since 2011. A new real estate firm, Scythe Monroe LLC, will be acquiring the property from Ty-Par Realty. The Facilities and Fleet Management Department has negotiated the terms of three-year contract extension with Scythe Monroe, LLC and recommends approval of the lease extension.
Upon approval of this lease, the County will enter into a lease agreement with the NC Department of Public Safety to fulfil the County’s statutory requirements to provide office space for the Adult Probation program.
FINANCIAL IMPACT:
The first-year cost for this lease is $117,727.80. Since the agreement contains a three-year term with increases in costs annually, $408,809.79 is estimated to be spent over the three-year term. Funding is available in the FY2026 budget with future expenditures subject to annual BOCC budget appropriation.