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Young County approves new 30-year lease, plans major renovations to Omni Annex
Summary
The Young County Commissioners Court approved a 30-year lease with the Omni Economic Development Corporation that raises the county's rent, shifts utility responsibility to the county and funds building upgrades including new windows and HVAC work to begin this winter and spring.
Young County Commissioners Court on Tuesday approved a 30-year lease with the Omni Economic Development Corporation for county occupancy of the Omni Annex, moving the county from a largely subsidized arrangement to one that includes a stepped rent increase and a program of building improvements.
The court voted to accept the lease, which keeps county occupancy while providing funding and an amortization schedule for renovations. Young County Judge Edwin Graham, presenting the item to the court, said the existing contract dated back more than 30 years and lacked a mechanism for regular increases or funding for needed upgrades.
The lease keeps…
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