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INDIAN RIVER COUNTY, FLORIDA <br />TO: <br />Jason E. Brown, County Administrator <br />THROUGH: <br />Richard B. Szpyrka, P.E., Public Works Director <br />FROM: <br />Monique Filipiak, Land Acquisition Specialist <br />SUBJECT: <br />Eight Month Renewal of Lease for North County Offices <br />DATE: <br />September 25, 2018 <br />DESCRIPTION AND CONDITIONS <br />On July 7, 1992 the Board of County Commissioners executed a lease agreementwith FNB Properties, Inc. <br />for 2,875 square feet of office space at 11602 and 11604 US1 (Sebastian Square) in Sebastian. FNB <br />Properties is now known as Greene Investment Partnership, Ltd. The office space comprises the North <br />County Offices of the Property Appraiser, Clerk of the Court, Utilities Department and Veterans Services. <br />This will be the 9th renewal of the original lease. The Landlord has offered to renew the lease for eight <br />months under the terms of the original agreement. The eight month term will be effective October 1, <br />2018 - May 31, 2019. The County purchased Sebastian Corners Retail Center on September 5, 2017, and <br />is moving forward with renovations. Staff anticipates the renovations will be complete in the next eight <br />months, and the North County offices will able to relocate prior to May 31, 2019. <br />Term of Lease <br />Monthly Rent <br />Total Rent <br />10/1/18 to 5/31/19t— <br />$3,893.23 <br />$31,145.84 <br />FUNDING <br />Funding is budgeted and available in Account No. 00122019-034420, General Fund/Facilities Mgmt. <br />/Rent -Bldgs. <br />RECOMMENDATION <br />Staff recommends the Board approve the lease renewal rate as proposed for the North County Offices <br />and authorize the Chairman to execute the Lease Renewal Agreement. <br />ATTACHMENTS <br />Renewal of Lease Agreement <br />APPROVED AGENDA ITEM FOR: October 2, 2018 <br />10 <br />C:\Users\legistar\AppData\Local\Temp\BCL Tech nologies\easyPDF 8\@BCL@F40C5ASD\@BCL@F40C5A5D.doc <br />