From: Houser, Liz [Liz.Houser@boe.ca.gov]
Sent: Thursday, March 10, 2011 12:51 PM
To: Koerner, James; Joseph, Patti
Cc: Cazadd, Kristine; Demes, Christine; Morphis, Sally; Gore, Anita
Subject: 621 Capitol Mall Space
Patti and James,
We just recently received a breakdown of the cost estimates for the tenant improvements for the 3,607 sq. feet of space on the 25th Floor, 621 Capitol Mall.  The pricing we received was significantly higher than anticipated, is not acceptable and will require a thorough evaluation on our part.   While BOE understands the Lessor has already signed off on the lease, we would like to meet with DGS to explore bringing these costs down, with the understanding that Mr. Horton is still in need of suitable space if consensus can be reached on a competitive market rate that's comparable to the existing space BOE occupies in this building.   
 
Thank you,
 
Liz Houser
Deputy Director Administration
Board of Equalization
916-445-4272