Title
Approval of Lease Agreement No. LSE26-839 with Russ NM, LLC, for Health Commons Office Space, Three-Year Term with Two Optional One-Year Extensions
Recommended Action
I move that Council approve lease agreement no. LSE26-839 with Russ NM, LLC, in an amount not to exceed $453,649.79 plus applicable Gross Receipts Tax.
County Manager's Recommendation
The County Manager recommends that Council approve the Lease Agreement No. LSE26-839 with Russ NM, LLC, in an amount not to exceed $453,649.79 plus applicable Gross Receipts Tax.
Body
The County’s current lease agreements for the Health Commons are set to expire July 31, 2026. In order to ensure continuity of services, staff has negotiated a new Lease Agreement (No. LSE26-839 with Russ NM, LLC.
The agreements provide office space sufficient to house the Health Commons, allowing programs to continue to operate in a centralized and accessible location for County residents. The Health Commons includes the Social Services Division offices and Public Health office. The proposed lease is for a term of three (3) years, with two (2) optional one-year extensions.
The total amount of the lease will not exceed $453,649.79, plus applicable Gross Receipts Tax, over the five-year term. Funding for this lease is available and budgeted in the approved Social Services Division operating budget.
Approval of this item will authorize execution of the lease agreements, thereby ensuring uninterrupted occupancy of office space necessary to provide critical health programs to the community
Fiscal and Staff Impact/Planned Item
Total cost not to exceed $453,649.79 plus applicable Gross Receipts Tax.
Attachments
A - LSE26-839