UTAH COLLEGE OF APPLIED...
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UTAH COLLEGE OF APPLIED TECHNOLOGY AGENDA ITEM UCAT BOARD OF TRUSTEES 22 June 2017 ITEM: III.F TOPIC: Commissioner’s Office SLC Lease & MATC Transition to Current Admin Building BACKGROUND On January 12, 2017, the Board authorized UCAT administration to seek a new location for the Office of the Commissioner at downtown Salt Lake City. Administration has identified a suitable location, and DFCM has facilitated negotiations at 310 South Main Street. The space is on the 12 th floor of the building and includes sufficient office and meeting space. The rental rate for the space will be $19.50 per square foot annually with escalation of 2.5% per year. The lease term will be for 86 months (7 years, 2 months) beginning October 1, 2017. The landlord is providing $35 per square foot for tenant improvement. In the January meeting, the Board also authorized MATC to occupy the current UCAT Administration Building at Thanksgiving Point in Lehi. The building was funded via a lease revenue bond issued to the State of Utah. The building is being leased from the State at $95,544 per year until May 2031 at which time ownership will transfer to MATC. UCAT and MATC Administration have reached an agreement that existing equipment and furniture will remain at the building. MATC will pay the Commissioner’s office $100,000 for the identified equipment which UACT Administration will then use to help furnish and equip the downtown location. It is anticipated that an additional $100,000 – $150,000 from cash reserves will be needed to complete the tenant improvement and furnishing at the downtown location. RECOMMENDATIONS UCAT Administration recommends the Board of Trustees approve the move for the Commissioner’s Office to 310 South Main, Salt Lake City and for MATC to occupy the current UCAT Administration Building along with the associated expenditures. It is further recommended to authorize Commissioner Woolstenhulme and/or Chair Evans to enter into a lease agreement subject to the terms as outlined. Attachments: Letter of Intent to lease space at 310 S. Main Draft floor plan Photos
Transcript of UTAH COLLEGE OF APPLIED...
UTAH COLLEGE OF APPLIED TECHNOLOGY
AGENDA ITEM
UCAT BOARD OF TRUSTEES 22 June 2017
ITEM: III.F TOPIC: Commissioner’s Office SLC Lease & MATC Transition to Current Admin Building BACKGROUND On January 12, 2017, the Board authorized UCAT administration to seek a new location for the Office of the Commissioner at downtown Salt Lake City. Administration has identified a suitable location, and DFCM has facilitated negotiations at 310 South Main Street. The space is on the 12th floor of the building and includes sufficient office and meeting space. The rental rate for the space will be $19.50 per square foot annually with escalation of 2.5% per year. The lease term will be for 86 months (7 years, 2 months) beginning October 1, 2017. The landlord is providing $35 per square foot for tenant improvement. In the January meeting, the Board also authorized MATC to occupy the current UCAT Administration Building at Thanksgiving Point in Lehi. The building was funded via a lease revenue bond issued to the State of Utah. The building is being leased from the State at $95,544 per year until May 2031 at which time ownership will transfer to MATC. UCAT and MATC Administration have reached an agreement that existing equipment and furniture will remain at the building. MATC will pay the Commissioner’s office $100,000 for the identified equipment which UACT Administration will then use to help furnish and equip the downtown location. It is anticipated that an additional $100,000 – $150,000 from cash reserves will be needed to complete the tenant improvement and furnishing at the downtown location. RECOMMENDATIONS UCAT Administration recommends the Board of Trustees approve the move for the Commissioner’s Office to 310 South Main, Salt Lake City and for MATC to occupy the current UCAT Administration Building along with the associated expenditures. It is further recommended to authorize Commissioner Woolstenhulme and/or Chair Evans to enter into a lease agreement subject to the terms as outlined. Attachments: Letter of Intent to lease space at 310 S. Main Draft floor plan Photos
SUPPLY
RECEPTION AREA
EXECUTIVE OFFICE 6
PRIVATE OFFICE 1
LARGE CONFERENCE ROOM
Inside Out Office Interiors479 South 700 EastSalt Lake City, Utah
PROJECT:
DATE:
SHEET TITLE:
SHEET NUMBER:
301 S MAIN
06/05/17
FLOOR PLAN
REVISIONS:
12th Floor
with Dimensions
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22/15 23/662HI/35W
2HI/
35W
15/66 15/66
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L
22/15
22/1
5
2HI/35W
S78
75
F
S7875F
S79
11
Z72
18
29
BUZ7
21
82
9BU
971
971971
971
CA42RLBT
5651
B1.A
130
5651
B1.A
130
5651
B1.A
130
5651
B1.A
130
5651B1.A130
5651B1.A130
5651B1.A130 5651B1.A130
PRIVATE OFFICE 2
PRIVATE OFFICE 3
PRIVATE OFFICE 4
PRIVATE OFFICE 5
PRIVATE OFFICE 7
Z2466RDS
5651
B1.A
130
5651
B1.A
130
5651
B1.A
130
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B1.A
130
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35W
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5651B1.A130
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BREAK AREA
PRIVATE OFFICE 9
PRIVATE OFFICE 8
SMALLCONFERENCE ROOM
PRIVATE OFFICE 10
S78
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F
S7875F
S79
13
/FILE ROOM
SQUARE FOOTAGE:
+/- 4,265 SF
2HI/35W 2HI/35W
35/71
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5
23-35/71L
22/15
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5651B1.A1305651B1.A130
35/7
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23/35
23-35/71L
22/1
5
22/15
5651
B1.A
130
5651
B1.A
130
M2
M1
M3
Z60
19
2BW
5622TB1.A91
5622TB1.A91
5622
TB1.
A91
5622
TB1.
A91
5622
TB1.
A91
5622
TB1.
A91
5622
TB1.
A91
5622
TB1.
A91
5622TB1.A91
5622TB1.A91
5622TB1.A91
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5622TB1.A91
5622
TB1.
A91
5622TB1.A91
5622TB1.A91 5622TB1.A91
5622TB1.A915622TB1.A91
CTC84
5622TB1.A91
5622TB1.A91
35/71
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23-3
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L
22/15
22/1
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5651B1.A130
5651B1.A130
15/42
PFSM
21'
15' 6 1/4"
10' 9
" 14
' 14
' 10
' 11"
14
' 1"
20' 11"
13' 4" 12' 9" 8' 10"
15'
12'
27'
23'
20' 9
"
7' 4"
4' 6"
4' 6
"
5'
12' 1" 11'
5'
10' 8"
30' 6
"
9' 4
"
14'
10' 7
"
13'
