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<br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Meeting Date 5/15/06 <br /> <br />Agenda Item # F"-21 <br /> <br />SUBJECT: <br />Lease Agreement for office space at the NC Cooperative Extension Services Building - US <br />Department of Agriculture Farm Service Agency <br /> <br />BRIEF SUMMARY: <br /> <br />Attached is a lease agreement for a portion (approximately 2,440 sq. ft.) of the NC <br />Cooperative Extension Services Building occupied by the US Department of Agriculture <br />Farm Service Agency. The rental term will be for a period of five (5) years with an annual <br />rent of $29,280 beginning 2006 and adjusted annually based on the CPI from the previous <br />December 31 each year through 2011. The total anticipated revenue for the five (5) year <br />period will be at least $146,400. <br /> <br />REQUESTED ACTION: (SUflflested motion if the Boarrlapproves the agenda Item as preeMted) <br />Approval by Board of Commissioners of the US Department of Agriculture Farm Service <br />Agency office space lease agreement. <br /> <br />Authorize County Manager to execute this lease agreement. <br /> <br />Attachments ~ Yes D No Expected Length of Presentation <br />Submitted By: Shem Barnhardt, Purchasing Agent Date: 4/19/06 <br /> <br />Budget Amendment Required: D Yes ~ No <br />Budget Amendment Attached and Reviewed by Budget OffIcer: D Yes ~ No <br />County Manager's Recommendations/Comments: <br /> <br />Approval is recommended. <br /> <br />Manager's Signature <br /> <br /> <br />!1 <br /> <br />Action Taken: <br />Approved [] <br />Denied [ ] <br /> <br />DeferTed [] <br />Other [ ] <br /> <br />F--2/ <br />