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File #: 19-0299    Version:
Type: Consent Item Status: Agenda Ready
File created: 8/29/2019 In control: Board of County Commissioners
On agenda: 9/24/2019 Final action:
Title: Lease for Employee Health and Wellness Center
Attachments: 1. Lease Agreement with Veritas Signed by land Lord 20190830.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Agenda Item Name:

Title

Lease for Employee Health and Wellness Center

End

 

Presenter:

John Carnell

 

Description:

This is a 5 year lease for the facility that is used to house the employee Health and Wellness Center

 

Recommended Action:

Recommended Action

Approve Lease

End

 

Prior Board Motions:

There are no previous board motions. The current vendor leased the property and then passed thru the expense to us. With this lease we will pay the rent directly to the landlord

 

Fiscal Consideration:

Fiscal Consideration

507-04-490-51944.00 Year 1 - 49,962.72

                                    Year 2 - 52,494.72

                                    Year 3 - 55,084.44

                                    Year 4 - 57,827.52

                                    Year 3 - 60 727.20

 

End

 

Background:

The current lease payment is $49,962.72. This equates to 14.84 per square foot. The going rate for this type property is $21-$22 per square foot. The gradual increase over the life of the lease brings it up to $18.22 per square foot in year 5. This is still below the current going rate for this property.