AG 2003 04 21 - Laserfiche WebLink

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transferred to the Cloverleaf site, preserving the county's investment in its recent replacement and minimizing new equipment purchases for RCCC facility expansion. The close proximity of the college's Cloverleaf location to the former CCS Cosmetology facilities would also minimize disruption to high school students in terms of travel and commuting logistics. CCS would experience the additional benefit of receipt of Huskins funding for those high school students enrolled in RCCC's Huskins programs. The opportt~nity to simultaneously address these needs exists for only a limited time. The owner of Cloverleaf Plaza is motivated and willing to cooperate to the fullest extent with Cabarrus County and the college to make the space operational by August 2003. The owner estimates the space will remain available for only a short time. Specifics in the owner's offer include: A lease on the 10,500 square foot location for a cost of $70,000/year, or $5,833/month (the equivalent of $.58 per square foot per month). The price being quoted by the owner is a highly competitive offer. Provision of design and contracting services by the owner's contracted employee, simplifying and expediting the upfitting process. The contractor recently completed the upfitting of a cosmetology facility for another school, and is familiar with code requirements and working within strict budgetary constraints. A $35,000 contracting allowance. This is equivalent to a $35,000 credit against the cost of upfitting the space. The owner is motivated by the prospect of a long- term tenant who has an established working relationship with him, and may actually be willing to compensate renovation costs by as much as $40,000. Exploratory conversations with the owner's contractor indicate that the owner may be willing to consider a variety of financing options, to include amortizing the renovation costs over a period of time, with these costs included in the regular monthly lease payments. RCCC has received from the owner's general contractor a ballpark estimate for renovating the facility of $110,000..This price includes dr. awing plans, getting necessary permits, and construction to meet NC State Board of Cosmetology requirements. The renovation cost would be reduced by the owner's contracting allowance of $35,000- 40,000, for a total required expenditure of approximately $70,000 - 75,000. Implementation of this proposal would preclude the county's lump-sum expenditure of $250,000, proposed by the CCS plan for construction of a facility at Central Cabarrus High School. Simultaneously, it would provide educational opportunities for a substantially larger number of Cabarrus County citizens and avoid expenditures on dup!icate programs. 3