File #: 16-4   
Type: Regular Item Status: Agenda Ready
In control: Board of Commissioners
On agenda: 1/19/2016 Final action:
Title: Request from Wake County Public Schools for Approval of a Multi-Year Operating Lease - Dillard Drive (Second Reading)
Attachments: 1. Item Summary Second Reading, 2. Presentation Dillard Lease - Second Reading, 3. Precis and Proposed Lease, 4. Resolution Dillard Drive Lease, 5. Cash Flow Analysis Dillard Drive JJ

Title

Request from Wake County Public Schools for Approval of a Multi-Year Operating Lease - Dillard Drive (Second Reading)

Recommended Action

That the Board of Commissioners:

 

1.                     Ratifies an application to the North Carolina Local Government Commission and adopts the attached resolution pursuant to NCGS 115C-530 approving a Wake County Board of Education flex/office space lease for educational and support purposes at 5651 Dillard Drive, Cary, NC; and

 

2.                     Approves future recurring appropriations to the Wake County Board of Education to support the lease and additional operating costs of the facility, estimated at a total of $4.7 million over the ten-year term of the lease.