Carefirst Proposal email

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CareFirst of Maryland, Inc.
June 30, 2015
Page 5
10715 Red Run Boulevard
2015 Estimated Opex (per
RSF)
2015 Estimated Taxes
(per RSF)
2015 Estimated Utilities (per
RSF) (if separately charged)
$1.77 PSF–includes 4%
management fee
$1.34 PSF $0.21 – site utilities only,
tenant pays separately
metered electric directly.
Additional Comments: CareFirst space at 10715 is currently separately metered. 10715
Red Run Boulevard is scheduled for reassessment in 2017 and will appealed at that
time if necessary.
7. Tenant Improvement Allowance
Please indicate the Landlord’s proposed Tenant Improvement Allowance for the Extension Space, and timing
such allowance will be effective. Please confirm CareFirst’s ability to apply any portion of the Tenant
Improvement Allowance toward all hard and soft costs. Please confirm that CareFirst will have the ability to
apply any unused Tenant Improvement Allowance toward its rent obligations.
Landlord Response: Merritt shall provide and ten dollar ($10.00) per square foot Tenant
Improvement allowance for 10800 and 10802 Red Run Boulevard to be used in 2017. Merritt
will provide a seven dollar and fifty cent ($7.50) Tenant Improvement Allowance for 10715 Red
Run Boulveard to be used in 2018.
8. Test Fit Allowance
Please confirm Landlord’s willingness to reimburse CareFirst’s space planner for the cost of performing a test
fit (up to $0.15 per RSF) of CareFirst’s program in the Building, whether or not the Building is ultimately
selected.
Landlord Response: In the event CareFirst executes a Lease extension with Merritt, Merritt will
reimburse CareFirst $0.15 PSF for the test-fit services. In addition, Merritt can provide design
services free of charge to CareFirst by utilizing Merritt’s in-house designers.
9. Base Building
As you are aware, CareFirst performed a Property Condition Assessment Report dated April 30, 2015 (the
“Report”). This report is provided herein in Exhibit A. Based on the findings of the report, please confirm
Landlord shall, at Landlord’s sole cost and expense, within the timeframe requested, perform the following
key upgrades or repairs to the Base Building identified and requested by CareFirst. If such upgrades or repairs
are already scheduled, budgeted or otherwise planned, please indicate the timing of such work:
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