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Approve the Workforce Development Board of Solano County Lease Addendum II for 16,033 square feet at 500 Chadbourne Road in Fairfield for a 5-year term effective October 1, 2024; and Authorize the President/Executive Director of the Workforce Development Board of Solano County to sign the agreement and any subsequent amendments which are administrative in nature
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Published Notice Required? Yes _ _ No X _ _
Public Hearing Required? Yes _ _ No _ X _
DEPARTMENTAL RECOMMENDATION:
The Workforce Development Board of Solano County (WDB) recommends that the Board of Supervisors:
1. Approve the Workforce Development Board of Solano County Lease Addendum II for approximately 16,033 square feet at 500 Chadbourne Road in Fairfield for a 5-year term effective October 1, 2024; and
2. Authorize the President/Executive Director of the Workforce Development Board of Solano County to sign the agreement and any subsequent amendments which are administrative in nature.
SUMMARY/DISCUSSION:
The current lease agreement for the WDB is set to expire September 30, 2024. Lease Addendum II will renew the current lease (Attachment B) for an additional five-year term for 16,033 square feet of office space.
At the April 23, 2019 meeting, the Board of Supervisors approved the relocation of the WDB's Fairfield office from 320 Campus Lane to its current location at 500 Chadbourne Rd in Fairfield. WDB officially relocated June of 2019 with the current lease expiring September 30, 2024.
Terms of the five-year lease renewal are outlined below:
1. New lease term to be October 1, 2024 - September 30, 2029
2. Common Area Maintenance (CAM) to be billed at a rate of $0.77 per square foot ($12,345 per month). CAM includes the cost of utilities, association dues, general building maintenance and repairs (HVAC, roof, fire sprinkler, and elevator), exterior window washing, exterior security alarms, insurance, property taxes, property maintenance fees, and fiber optics d...
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