Title
Lease - Department of Child, Family & Adult Services
Action
ACTION:
Authorize the County Manager to negotiate and execute a lease between the County and Star Mountain West, LLC for office space for the Department of Child, Family & Adult Services
Staff Contact: Jacqueline McNeil, Real Estate Management Director
Presentation: No
BACKGROUND/JUSTIFICATION:
At its November 8, 2023 meeting, the Board approved the County entering into a lease with Star Mountain West, LLC ("Star Med") for the Department of Child, Family & Adult Services. That lease was to be for a period of two (2) years with two (2) extensions of one (1) year each. Since that time, Star Med and County staff have continued with discussions that have resulted in new proposed lease terms that are more desirable for both the County and Star Med. The new proposal is for a lease term of ten (10) years which will provide greater stability for the department. Therefore, staff is seeking authorization to enter into a lease agreement with Star Med that is consistent with the new negotiated terms.
The department was previously housed at office space leased by the County at the Charlotte East complex off of Albemarle Road. In addition to office space for staff, the new lease will provide a location for the temporary care of youth in the County's custody. The space is located at 4024 Triangle Drive near the Valerie C. Woodard Community Resource Center. Below are the updated major business terms of the proposed lease with Star Med:
Location - 4024 Triangle Drive Charlotte, NC 28208
Square Footage - 4,926 SF
Term - Ten (10) years from substantial completion of work to be performed on the premises by the Landlord
Renewals - Two (2) periods of Five (5) years each, subject to Landlord's agreement
Base Rent - $123,150 annually or $10,262.50 monthly for the initial lease year
Rent Escalation - the greater of the CPI (consumer price index) or 3% annually
Services - The County sh...
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