File #: 16-2   
Type: Consent Item Status: Agenda Ready
In control: Board of Commissioners
On agenda: 1/19/2016 Final action:
Title: Request From Wake County Board of Education for Approval to extend a Multi-Year Operating Lease - Durham Road (Second Reading)
Attachments: 1. Durham Drive Second Reading.pdf, 2. 2015-11 19 Second Amendment to Lease Agreement F.R.O. LLC VII final, 3. 2015-12-10 Cash Flow Analysis Durham Road, 4. Presentation Second Reading of FRO Lease 1-18-2016, 5. Draft Resolution for January 19 Board Reading.pdf

Title

Request From Wake County Board of Education for Approval to extend a Multi-Year Operating Lease - Durham Road (Second Reading)

Recommended Action

That the Board of Commissioners:

 

1. Ratifies an application submitted to the Local Government Commission and adopts the attached resolution pursuant to NCGS 115C-530 approving a Wake County Public School System commercial building lease extension for educational and support purposes at 931 Durham Road, Wake Forest NC.  

 

2.  Approves future recurring appropriations to the Wake County Board of Education to support the increased cost of lease payments, estimated at a total of $131,185 between FY 2022 - FY 2026.