COUNTY OF ALBEMARLE

 

EXECUTIVE SUMMARY

 

 

AGENDA TITLE:

Towe Park Tenant House Lease

 

 

SUBJECT/PROPOSAL/REQUEST:

Public Hearing and request authorization for County Executive to sign new Towe Park tenant house lease.

 

 

STAFF CONTACT(S):

Tucker, White, Davis, Trank, Mullaney

 

 

LEGAL REVIEW:   Yes

 

 

AGENDA DATE:

February 1, 2006

 

ACTION:     X                        INFORMATION:   

 

CONSENT AGENDA:

  ACTION:                             INFORMATION:   

 

 

ATTACHMENTS:      Yes

 

 

REVIEWED BY:

 

BACKGROUND: 

The City and County own a house at Towe Park.  The house is currently occupied, but a new lease agreement is required.  The previous lease agreement with Shelia McMillian and Dawn McMillian expired in December of 2004 with a provision which allowed for a month to month extension at the end of the lease term.  This past summer, the County received notice that one of the tenants would be moving out but that the other co-tenant wished to continue to lease the house.  This arrangement has proven satisfactory.  The Parks and Recreation Department is therefore recommending that the City and County enter into a lease agreement with the existing tenants, Tully Wright and Dawn McMillian Wright. 

 

STRATEGIC PLAN: 

3.6: Provide opportunities for the healthy and productive use of leisure time.

 

DISCUSSION: 

The tenants will be responsible for paying $550 monthly rent and performing approximately 25 hours of work per month as additional rent.  The rent figure is based on a fair market value of $1,000 with a percentage reduction based on the various factors related to the house being located in a public park.  The County Assessor estimated the fair market value and the location reduction.  After the location reduction is applied the fair market value is $800.  The rent is further reduced by $250 based on an estimated value of $10 per hour for the work requirement. 

 

The lease has been reviewed and approved by the City and County Attorneys’ offices.  The lease consists of a standard residential lease agreement with additional provisions addressing special requirements such as tenant responsibilities.  The term of the lease is for 1 year, with language allowing the City Manager and County Executive to renew the lease up to 4 consecutive one-year terms and adjust the rent annually to reflect any change in the fair market rent for the property.  Virginia Code Section 15.2 – 1800(B) requires the Board of Supervisors to hold a public hearing prior to entering into this lease agreement.  The Clerk of the Board has advertised the hearing as required. 

 

BUDGET IMPACT: 

This new lease agreement increases the total annual rental income for the tenant house from $6,000 to $6,600.

 

RECOMMENDATIONS: 

Staff recommends that the Board of Supervisors hold the public hearing and then authorize the County Executive to sign this lease agreement on behalf of the County.

 

ATTACHMENTS 

A-Lease Agreement

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