Department
Real Estate and Asset Management
Requested Action (Identify appropriate Action or Motion, purpose, cost, timeframe, etc.)
title
Request approval of a Resolution approving a first amendment to a lease agreement between Fulton County, Georgia (Landlord), and Comcast Cable Communications, LLC (tenant) for the purpose of extending the lease term at 10735 Jones Bridge Road, Alpharetta, Georgia 30202; to authorize the Chairman to execute the First Amendment to Lease Agreement and related documents; to authorize the County Attorney to approve the First Amendment to Lease Agreement as to form to make modifications thereto to protect the interests of Fulton County; and for other purposes. (APPROVED UPON ADOPTION OF THE CONSENT AGENDA)
body
Requirement for Board Action (Cite specific Board policy, statute or code requirement)
Fulton County Code of Ordinances, § 172-62, requires the Board of Commissioners to approve leasing of County owned structures for the location of telecommunication antennas.
Strategic Priority Area related to this item (If yes, note strategic priority area below)
Open and Responsible Government
Commission Districts Affected
All Districts ☒
District 1 ☐
District 2 ☐
District 3 ☐
District 4 ☐
District 5 ☐
District 6 ☐
Is this a purchasing item?
No
Summary & Background (First sentence includes Agency recommendation. Provide an executive summary of the action that gives an overview of the relevant details for the item.)
Scope of Work: Comcast Cable Communications, LLC, an existing communications tenant at 10735 Jones Bridge Road, Alpharetta, Georgia is requesting the approval of the Fulton County Board of Commissioners to extend their lease term. The Department of Real Estate and Asset (DREAM) has negotiated mutually acceptable terms with Comcast Cable Communications, LLC to extend their lease term for an additional five (5) years inclusive of renewal options.
Community Impact: Approval of a lease extension is required for the tenant to maintain optimum efficiency in the delivery of services to its business and residential customers within this section of Fulton County.
Department Recommendation: The Department of Real Estate and Asset Management recommends approval of the First Amendment to Lease Agreement for the purpose of the extending the lease term of Comcast Cable Communications, LLC at 10735 Jones Bridge Road, Alpharetta, Georgia
Project Implications: Approval of the proposed lease agreement will allow Fulton County to continue to receive rental income over the lease extension periods.
Community Issues/Concerns: None.
Department Issues/Concerns: None.
History of BOC Agenda Item: The current lease agreement between Fulton County and Comcast Cable Communications, LLC, was approved October 17, 2018 as Agenda Item # 18-0733.
Fiscal Impact / Funding Source
Funding Line 1:
n/a