AG 2010 08 16 - Laserfiche WebLink

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Premises in addition to this amount (water, sewer, electricity, telephone, data, etc). Landlord will be responsible for maintaining roof, structure and common areas. The Premises has a new roof (late 2008), new windows and doors, new floor, and will have new systems (plumbing, mechanical and electrical) through -out upon completion of the improvements. In addition, water, sewer and electricity are run to the building, and the fire sprinkler system has been stubbed to the back corner of the Premises. Landlord will grant $300,000 ($30 per SF) up -fit allowance to be used for improvements to the Premises. To the extent that the improvements exceed this allowance, Tenant will be responsible for the overage. Should Tenant choose to have Landlord pay more than the quoted allowance, the rental amount will be adjusted upward accordingly. Should the Tenant decline the allowance and bear the entire cost of the up- fit, rent will be reduced accordingly. Based on preliminary design concepts, we estimate the total up -fit will cost $60.00 per SF. Prior to beginning work, Landlord and Tenant will design and permit the Premises. Landlord will seek competitive bids and manage the up -fit process in coordination with Tenant. Landlord will deliver Premises — with all improvements — within 120 days of lease execution. Accessibility The Old Creamery is a highly visible and accessible landmark. This property is less than one mile from the existing government campus in downtown Concord, and importantly, it is centrally located to all voters in Cabarrus County. There will be over 200 parking spaces available on site. Please see the site plan in Exhibit B illustrating parking on- street and in back. The site also offers the conveniences of a sidewalk, bike route, and bus route for alternative modes of transportation. The single - story layout is fully handicap accessible, with dedicated handicap parking spaces near the building. Additionally, having all space — including storage for voting machines — on the ground floor makes access easy for voters and workers alike. Building Efficiency Because there are no common areas, elevators or stairs at the Creamery building, all the space is usable. It has flexibility and efficiency. Exhibit A illustrates how all of the Board of Election space -needs are met in just 10,000 SF compared to the proposed 11,970 SF in a newly constructed multi - tenant building at the fairgrounds. In addition, the 22 -foot ceiling height at the Creamery allows Tenant to store certain material and equipment vertically, better utilizing cubic footage and further minimizing square footage. This greater building efficiency translates to less square footage and lower monthly rent. Sustainability The Creamery building is environmentally sustainable because it conforms to adaptive re -use, urban infill, smart growth, and green- building principles. Some of the improvements include a white insulated roof that reflects heat and reduces thermal build -up; drought - resistant landscaping that requires no irrigation; insulated glass that saves energy; and site - generated fill material that saves haul -off costs and reduces landfill waste. These site characteristics reduce operating costs to Tenants and minimize the building's carbon footprint on the environment. Moreover, the location has connectivity to all modes of transportation in a dense urban core, which further minimizes environmental impacts related to transportation emissions. Economic Stimulus The City of Concord and Cabarrus County have already invested in The Old Creamery by awarding tax grants to this project. By choosing to locate the Board of Elections in the Creamery building, the County will provide additional economic stimulus to the existing urban core. This decision is consistent with 267 Corban Avenue SW, Concord, NC 2 25 • P.O. Box 145, Concord, NC 28026 qq 704.262.6314 Direct • 704.792.2Z55 Fax • harris @m co�npanies.com • www.harrismorrisonc ipa'YSy.com