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Form #: B-52 <br /> 7/18/91 <br /> DEPARTMENT OF FINANCE <br /> REQUEST FOR COUNCIL ACTION <br /> DEPARTMENT: Finance DATE: 02/15/12 <br /> STAFF CONTACT: Ken Van Bergen PHONE: 808-323-4323 <br /> A. REQUEST: <br /> Please prepare a resolution authorizing the payment of funds - in a later fiscal year and for more than one <br /> fiscal year-for a 10 year intitial lease with one 10 year option to Lease approximately 8880 sq ft at <br /> Department of Water Supply (DWS) to provide office space for Department of Environmental Management <br /> (DEM) and Department of Information Technology (IT). The monthly per sq ft rent, tenent improvement (TI), <br /> and common area maintenance (CAM) schedule is as follows: <br /> Years 1-5 Years 6-10 <br /> Rent $0.00 $.085 <br /> TI $1.02 $0.00 <br /> CAM $0.99 $0.99 (to be adjusted to share of actual cost each year) <br /> Total cost per year is $17,848.80 plus GET for years 1-5 and $16,339.20 plus GET for years 6-10, using <br /> current estimated CAM rate. <br /> B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): <br /> In an effort to save cost and partner with the Department of Water Supply, we are seeking to move the <br /> DEM and the IT personnel presently located at the Puainaco Town Center to an 8,880 sq ft space at Department <br /> of Water Supply. We anticipate the savings on the intial 10-year lease to be $170,000 compared with the current <br /> rent being paid, assuming current CAM fees. <br /> SIGNED: ih s / DATE: <br /> Department H -d <br /> p <br />