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JUN 1 <br />3. Lease renewable annually for up to five years. <br />4. Annual escalation clause based on actual market and cost <br />factors. <br />5. Occupancy July 1990 <br />6. Located in the Sebastian Center at 1627 North U.S. 1. <br />7. County would be responsible for renovations. <br />INTERMEDIATE-TERM <br />As part of his proposal, Mr.. Fisher requested that we move into his <br />new building when it is constructed. Lease would be $9.15 per square <br />foot for first floor space and $8.65 per square foot for second floor <br />space. He would like to combine all County leased space for north <br />county in his new facility. Exceptions for some offices allowed by <br />mutual agreement. <br />LONG TERM <br />1. Donate 1.5 acres of land for County to construct their own <br />facility. <br />A. Five year reverter clause <br />b. Set aside additional 1.5 acres for purchase to <br />construct emergency services facility. This is a five <br />year option. <br />c. Use restrictions: <br />(1) No jail/prison facilities <br />(2) No onsite medical care <br />(3) No construction/equipment storage yard <br />d. County facilities design and usage consistent with <br />North County Office Park guidelines. <br />e. Legal and transaction costs by County. <br />f. Sebastian Development allowed to bid on or <br />competitively negotiate construction of County's <br />building(s) and/or to provide project management <br />services for same. <br />The Westin Reid Group (WR), management firm for the Sebastian Square <br />has made a proposal to lease 2,880 square feet of space that would <br />suit our needs at a cost of $7.00 per square foot ($20,160 annual). <br />This space is where Gene Morris has leased office area, next to <br />Walmart. The proposed space -is open area which will require some <br />renovations. Mrs. Robinson has a counter that can be used for both <br />she and the clerk. The WR Group has offered to share in the <br />renovations with the County to pay a proportion not to exceed <br />$9,000.00 or WR Group will pay all cost and charge $8.50 per square <br />foot. <br />The proposed lease price is good for two (2) years with an escalation <br />clause same as the Consumer Price Index. <br />Sebastian Center, LTD. offered space in the original RFP. They have <br />2,400 square feet that is available on the ground floor of their <br />facility which can be leased for $8.75 per square foot with a <br />bi-annual adjustment equal to the CPI not to exceed 8%. Cost <br />calculations were based on an average of 4% CPI. <br />38 <br />