Location – Location - Location

• Central Business District – proximity to other government agencies, public transportation (Lynx, Sunrail), parking garages, centrally located

• Create a campus-style Government Complex• Existing County network loop to interconnect

our agencies versus laying new fiber• Overall a better location than elsewhere

Build vs. BuyBUILD

• Highest and best use of County-owned vacant land

• Proven track record of Construction by the County (example Utilities Building)

• Will provide ample time for planning the move

• Overall creates greater value for the County

BUY

• 30-year-old building and converting it to Class A office space

• Inadequate parking within reasonable walking distance

• Need more lead time and due diligence to plan the move

• Ad-valorem at $6 million, will cost about $12 million – and you can build NEW for $12 million

Fiscal Responsibility

• More due diligence before paying top dollar for a 30-year-old building (comparable sales analysis, appraisal)

• New construction on County-owned land for $200/sqft. Versus approx. $150/sqft. for 30 year old building (after refurbishments)

• Where is the project plan?