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CABARRUS COUNTY <br />BOARD OF • • <br />* <br />REGULAR <br />JUNE 2 0 2016 <br />1 <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />County Manager - Proposed Lease of Property at the Concord Senior <br />Center <br />BRIEF SUMMARY: <br />Cabarrus County has been leasing a small parcel for overflow parking at <br />the Concord Senior Center. The owner has provided that property for $1 <br />per year but would now like to enter into a market rate lease. Purchase of <br />the property has been discussed but the owner does not wish to sell at <br />this time. Two lease options were presented, month -to -month and a 9- <br />year lease for the same amount, and the 9 -year lease letter of intent is <br />being presented for the Board's consideration. <br />REQUESTED ACTION: <br />Motion to approve the letter of intent to lease of property at the Concord <br />Senior Center with authorization for the County Manager to sign the lease <br />after review and approval by the County Attorney. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />Jonathan B. Marshall, Deputy County Manager <br />BUDGET AMENDMENT REQUIRED: <br />No <br />COUNTY MANAGER'S RECOMMENDATIONS /COMMENTS: <br />F -4 Page 84 <br />