DEPARTMENT
Real Estate and Asset Management
REQUESTED ACTION (Identify appropriate Action or Motion, purpose, cost, timeframe, etc.)
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Request approval of a Resolution for a First Amendment to Lease Agreement between Wilmington Trust, National Association as Trustee, for the Benefit of Holders of J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-PTC, Commercial Mortgage Pass-Through Certificates, Series 2018-PTC and the Future Advance Lender ("Landlord"), and Fulton County, Georgia, ("Tenant") for the purpose of extending the lease term for office space for the operations of the Office of the Fulton County Tax Assessor at 235 Peachtree Street, Atlanta, Georgia; to authorize the Chairman to approve the First Amendment to Lease Agreement and related documents; to authorize the County Attorney to approve the First Amendment to Lease Agreement and related documents as to form and to make modifications thereto in order to protect the interests of Fulton County prior to execution; and for other purposes. (APPROVED)
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REQUIREMENT FOR BOARD ACTION (Cite specific Board policy, statute or code requirement)
According to O.C.G.A. ? 36-60-13, each county or municipality in this state shall be authorized to enter into multiyear lease, purchase, or lease purchase contracts of all kinds for the acquisition of goods materials, real and personal property, services and supplies and O.C.G.A. ? 36-10-1 requires that all contracts entered into by a county governing authority be in writing and entered on its minutes.
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.)
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