Vote: approved

Item Text

114. ST. MARY’S/WESTSIDE FOOD BANK ALLIANCE TENANT IMPROVEMENTS In accordance with lease agreement MC10126, grant consent of tenant improvements planned to be made by Lessee at the West Side Food Bank located at 13050 W. Elm in Surprise, Arizona and authorize Real Estate Service staff to notify St. Mary’s/Westside Food Bank Alliance, as Lessee, of the Board’s consent to the planned tenant improvements. The subject Lessee has requested written consent from the County for Lessee to make improvements to the West Side Food Bank facility. Lessee desires to enlarge the food bank structure by adding approximately 6,500 square feet to the facility. The planned improvements will be made at Lessee’s full cost and expense. (C-18-09-063-1-00) 115. LEASE FINANCING CONTRACTS FOR THE FINANCING OF COUNTY DEPARTMENTAL COMPUTER EQUIPMENT Approve 10 FY 2009-10 Lease Financing Contracts and authorize the Chairman to execute all capital lease documents, including the “Declaration of Official Intent,” required for the financing of County departmental computer equipment in an amount not-to-exceed $2,500,000 (principal). Authorize appropriate departmental representatives to sign lease documents pertaining to their respective departments. All capital lease documents are subject to County Attorney Civil Division approval. The Department of Finance will facilitate the three-year reimbursement capital lease. The Office of Enterprise Technology will be expending funds for the capital equipment and will be reimbursed for their expenditures from the proceeds of the capital lease. Each Lease Financing Contract will be signed with a vendor approved by the Board under Bid Solicitation 00024-SC. Estimated total capital lease payments, with an approximate 5.00% (estimated) interest rate for the maximum principal amount financed of $2,500,000 equates to yearly debt service payments of approximately $900,000 (principal and interest); monthly capital lease payments will be approximately $75,000 (principal and interest). The funds are budgeted.. (C-18-10-013-3-ZZ)

Vote: approved

Item Text

114. ST. MARY’S/WESTSIDE FOOD BANK ALLIANCE TENANT IMPROVEMENTS In accordance with lease agreement MC10126, grant consent of tenant improvements planned to be made by Lessee at the West Side Food Bank located at 13050 W. Elm in Surprise, Arizona and authorize Real Estate Service staff to notify St. Mary’s/Westside Food Bank Alliance, as Lessee, of the Board’s consent to the planned tenant improvements. The subject Lessee has requested written consent from the County for Lessee to make improvements to the West Side Food Bank facility. Lessee desires to enlarge the food bank structure by adding approximately 6,500 square feet to the facility. The planned improvements will be made at Lessee’s full cost and expense. (C-18-09-063-1-00) 115. LEASE FINANCING CONTRACTS FOR THE FINANCING OF COUNTY DEPARTMENTAL COMPUTER EQUIPMENT Approve 10 FY 2009-10 Lease Financing Contracts and authorize the Chairman to execute all capital lease documents, including the “Declaration of Official Intent,” required for the financing of County departmental computer equipment in an amount not-to-exceed $2,500,000 (principal). Authorize appropriate departmental representatives to sign lease documents pertaining to their respective departments. All capital lease documents are subject to County Attorney Civil Division approval. The Department of Finance will facilitate the three-year reimbursement capital lease. The Office of Enterprise Technology will be expending funds for the capital equipment and will be reimbursed for their expenditures from the proceeds of the capital lease. Each Lease Financing Contract will be signed with a vendor approved by the Board under Bid Solicitation 00024-SC. Estimated total capital lease payments, with an approximate 5.00% (estimated) interest rate for the maximum principal amount financed of $2,500,000 equates to yearly debt service payments of approximately $900,000 (principal and interest); monthly capital lease payments will be approximately $75,000 (principal and interest). The funds are budgeted.. (C-18-10-013-3-ZZ)