Item Coversheet

  Town of Huntersville
REQUEST FOR BOARD ACTION
6/1/2015

REVIEWED:

To:                  The Honorable Mayor and Board of Commissioners

From:              Kathy Moyer, ElectriCities Electric Systems Manager

Subject:          Second Amended and Restated Huntersville/ElectriCities Operations Center Lease Agreement

ElectriCities has converted 1,533 sq. ft. of warehouse space for ElectriCities Corporate Personnel.  The amended Lease Agreement reflects this conversion resulting in an annual savings to the Electric Funds as the Lease payment will be divided between the Huntersville Electric Enterprise Fund, the Cornelius Electric Enterprise Fund, North Carolina Municipal Power Agency Number 1, and ElectriCities as outlined in the Lease Agreement.

ACTION RECOMMENDED: 
Consider authorizing the Town Manager to execute Second Amended and Restated Huntersville/ElectriCities Operations Center Lease Agreement.
 
 
FINANCIAL IMPLICATIONS:
Reduction in the annual lease payment of approximately $8,000 for the Huntersville Electric Enterprise Fund.
 



ATTACHMENTS:
DescriptionType
Second Amended and Restated Huntersville/ElectriCities Operations Center Lease AgreementBackup Material