REVISED AGENDA INFO 3RD AMEND -LEASEL7367 EDITS10-14-14.DOC

Agenda Activity: Action Agenda No. C-44-05-014-0-02
Department: Planning & Development
Category: Chief Regional Development Services
Contact: Dennis Lindsey Phone 506-1067
Return to: Dennis Lindsey
Location: County Administration Building
Action Requested:
Approve, and authorize the Chairman to execute, the Third Amendment to Lease
Agreement L-7367 with 501 N. 44th Street LLC, Lessor, for the county’s leased office
space at 501 North 44th Street in Phoenix. First Amendment is under C-44-10-094-1-00.
Board required information: (NONE)
The Third Amendment to Lease Agreement L-7367 adjusts the effective date of Lessee’s
reversion of 6,295 square feet of office space on the first floor of the leased Premises to
March 31, 2015, and adjusts the effective date for the reduction in the rent expense, the
reduction in the HVAC credit, and the reduction in the parking space allocation to April
1, 2015.
Additional Information:
This 3rd Lease Amendment extends the occupancy date for certain first floor space in
order to allow the County’s OET department sufficient time to facilitate a permanent
relocation of the network equipment serving Regional Development Services (RDS) to an
off-site data center facility. This permanent move of network equipment to the off-site
data center allows the County to avoid an intermediate relocation of the RDS network
equipment within the leased Premises and eliminates the need for certain
electrical/mechanical tenant improvements at an estimated cost of approximately
$110,000. In addition, forgoing an intermediate move of the network equipment will
avoid the inherent operational risk associated with a secondary move. This type of Real
Estate item was generally endorsed by the Facility Review Committee during August of
2013.
Expenditure Impact by FY:
FY 14-15 $730,381
Performance Information:
Program: Administrative Services Program
Activity: Office of the Director

Performance measure: Percent of satisfied customers
Anticipated Results: Approval of this item will allow the department to cost effectively
serve the public without disruption