TITLE
Title
LEASE AMENDMENT FOR OFFICE SPACE AT 3309 BURLINGTON ROAD, GREENSBORO, NC WITH THE USDA
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SPONSOR
Sponsor
Eric Hilton, General Services Director
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BACKGROUND
Background
The United States of America, specifically the United States Department of Agriculture (USDA), and Guilford County currently have a lease agreement for 2,322 square feet of office space at the County-owned property located at 3309 Burlington Road, Greensboro, NC, commonly referred to as the Agricultural Extension Center. This lease was first put in place in 1975 and has subsequently been amended to extend it as it expires. The space is used by the USDA Farm Service Agency.
Through negotiations with the USDA, a five-year lease extension through January 31, 2032, at an annual rental rate of $62,694, or $27.00 per square foot, is recommended. The annual rent includes $41,796 in shell rent and $20,898 in operating costs. The new rental rate will become effective February 1, 2027. All other terms and conditions of the lease will remain in effect.
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BUDGET IMPACT
Budget Impact
NO ADDITIONAL COUNTY FUNDS REQUIRED
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REQUESTED ACTION
Requested Action
Approve, in substantial form, Lease Amendment No. 6 for the rental of 2,322 square feet of office space at 3309 Burlington Road, Greensboro, NC, with the United States Department of Agriculture (USDA), extending the lease term through January 31, 2032, at an annual rental rate of $62,694, and authorize staff to take all reasonable actions necessary to finalize and execute said lease amendment.
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