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Lease Agreement - United States Department of Agriculture for Office Space at the Union County Agricultural Center
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INFORMATION CONTACT:
Christopher J. Boyd, Facilities and Fleet Management, Director, 704-283-3868
ACTION REQUESTED:
1) Adopt resolution authorizing the execution of a lease of office space at the Union County Agricultural Center to the United States Department of Agriculture, and 2) authorize the County Manager to negotiate and execute an agreement substantially consistent with this agenda item.
PRIOR BOARD ACTIONS:
1) March 18, 2013, Regular Meeting, Agenda Item # 5 - Approved Amendment
2) July 18, 2016, Regular Meeting, Agenda Item # 19 - Approved Amendment
3) July 16, 2018, Regular Meeting, Agenda Item # 28 - Approved Amendment
4) May 17, 2021, Regular Meeting, Agenda Item # 7 - Approved Amendment
BACKGROUND:
The United States Department of Agriculture, formerly known as the Farm Service Agency, has leased space in the Union County Agricultural Center for the past three (3) years under a lease agreement that expires on July 31, 2024. The United States Department of Agriculture is requesting that the agreement be renewed for another three (3) year term beginning on August 1, 2024, and terminating on July 31, 2027. There are no requested changes in square footage or other facility-related needs.
The terms of the lease include the following: 2,693 rentable square feet of office space located at Union County Agricultural Building. The Lessee shall pay, as rental for said premises, the sum of forty thousand three hundred and ninety-five ($40,395.00) dollars per annum.
FINANCIAL IMPACT:
The County will receive $40,395.00 per annum per the lease terms.