Summary

As required by proviso language for Specific Appropriation 633 in Chapter 2003-397, Laws of Florida, we have evaluated the cost benefit analysis provided by the Department of Corrections (DOC) regarding a lease purchase proposal made to DOC by the owner of the Blairstone Building where DOC’s administrative headquarters is currently located. DOC’s evaluation was based on an analysis performed by the Department of Management Services’ leasing consultant, The Staubach Company. DOC concluded that, in view of concerns with maintenance issues and the overall purchase price, the lease purchase of the Blairstone Building is not in the best interest of the State and recommends not accepting the lease purchase proposal.

Based on the cost benefit analysis provided by DOC, and our review of the reports and other information provided with the analysis, we concur with DOC’s determination that the lease purchase agreement, as proposed, is not in the best interest of the State. We believe that the proposal should be considered in the light of current rental market conditions, as well as other options available to DOC.