The elimination of office lease costs offsets a significantamount of the purchase and operation of this building, Webb says."However, there are net new costs related to this facility," henotes.

The 2003 budget includes $4 million in maintenance and securitycosts, $500,000 in increased utility costs, and $1.2 million inlease payments. The lease payments are scheduled to increase byapproximately $5 million per year for the next two years.

The capital projects budget includes $5.1 million to renovatethe Minoru Yasui building, which will be used to consolidate allprobation offices that are currently in leased space throughout thecity, Webb says. In addition, there are minor renovations scheduledfor the City and County Building to spaces vacated by agenciesmoving into the new office building. The vacant space will be usedto increase the number of courts and provide additional space forthe city council.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.