Placer County looks to save costs with Rocklin building purchase
November 09, 2016
The Placer County Board of Supervisors Nov. 8 unanimously approved buying the building the county leases in Rocklin to provide a number of services, eventually saving an expected $1.4 million in tax dollars per year.
The board’s action will allow the county’s department of public works and facilities to enter a purchase agreement for the acquisition of the office building with Sunset Commercial Center, LLC, in the amount of $25,625,250. With the purchase of the Sunset building, the county will forgo future payments of annual lease costs amounting to approximately $1.4 million - $1.5 million.
Located at 1000 Sunset Boulevard, the nearly 100,000-square-foot, two-story office building is leased by the county exclusively, housing a number of programs including child support services, health and human services, children’s system of care and veterans services. Beginning in January, the auditor-controller’s office will occupy the remaining vacant suite.
In a presentation to the board, county staff explained it could pay off the purchase price of the building in 21 years with the money saved on lease payments.
Staff also noted that buying the building outright would be cheaper than building a new office complex from the ground up.
“This is a big investment, but it's a smart one that will save our taxpayers a lot of money in the long run,” said District 2 Supervisor Robert Weygandt.
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