Title
Fifth Amendment to Lease Agreement between Sedgwick County and Jim Ramsey Company, Ltd. for leased property at 940 North Waco (COMCARE ATS).
Body
Recommended Action: Approve the amendment and authorize the Chairman to sign.
Sedgwick County has leased a 10,000 square foot building at 940 North Waco since April 1, 2000 for COMCARE's Addiction Treatment Services (ATS) program. This program provides counseling and treatment services to consumers struggling with addiction to drugs and alcohol.
This Fifth Amendment to Lease Agreement extends the lease at this location for a period of five years (through March 31, 2020) and includes two additional, optional one-year renewal terms, potentially extending the lease through March 31, 2022. The lease rate is scheduled to remain at the current rate of $5,866.67 per month, or $7.04 per square foot for the regular term of this lease. The rate would increase by three percent effective at the start of the first renewal term, if exercised. The County retains the option to terminate the lease with a 180-day notice. All other terms and conditions remain unchanged.
Alternatives: The BoCC could choose not to approve this lease amendment, in which case COMCARE would need to find an alternate location prior to the March 31, 2015 expiration of their current lease.
Financial Considerations: Continued lease rate of $70,400.00 per year for the regular term of this lease. As outlined above, the rate could increase by three percent at the first renewal term, if exercised. Sufficient expenditure authority exists in fund center 31010-202 for 2015 for this lease.
Legal Considerations: The authority for this action is K.S.A. 19-101. A simple majority is required.
Policy Considerations: All Sedgwick County policies and procedures have been followed in the amendment process for this lease.