Title
Lease Amendment - City of Charlotte
Action
ACTION:
Authorize the County Manager to negotiate and execute a lease amendment with the City of Charlotte for space the City is leasing at the County's LUESA facility (2145 Suttle Ave, Charlotte, NC - Tax Parcel 067-014-08) to decrease the total square footage of space the City is leasing (by +/- 1,106 square feet) and relocating the City’s staff within the building.
Staff Contact: Anne-Rose Michel, Real Estate Coordinator - AFM
Presentation: No
BACKGROUND/JUSTIFICATION:
The City of Charlotte currently leases a total of 3,113 square feet from the County at the LUESA facility to accommodate staff from its Planning, Design, and Development, Charlotte Water and Charlotte Fire Departments. The existing 10-year lease term expires June 30, 2027. Due to relocation of Planning, Design and Development to another facility, the City is seeking to reduce its leased square footage accordingly. Although this unit vacated the LUESA facility in October 2024, the City continued to pay rent through the end of the fiscal year (June 2025).
Approval of the proposed amendment will formally acknowledge the departure of the Planning, Design and Development unit and confirm the continued occupancy of the remaining City of Charlotte’s departments - Charlotte Water and Charlotte Fire- on the second, third, and fourth floors. All other lease conditions will remain, the same including the City’s rental rate which is $13.46/SF.
Yearly Rent: $14,772.75
Rent Escalation: 2%
PROCUREMENT BACKGROUND:
N/A
POLICY IMPACT:
N/A
FISCAL IMPACT:
N/A