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Project Outline
In the first quarter of 2003, the
Northwest Power Planning Council was in the process of re-branding to
better reflect the changes in the organization. At the same time, the
newly renamed Northwest Power and Conservation Council (NWPCC) received
a mandate to significantly reduce its expenses due to budgetary
constraints on their main funding source, the Bonneville Power
Administration. Mark Fraser and Brandon O’Leary were engaged 18 months
prior to the termination of their 20,000 square foot downtown office
lease to assist them in reducing expenses, increasing flexibility for
future budget issues, and help retain some of its operating programs.
Services Provided
Result
Mark Fraser and
Brandon O’Leary were able to reduce NWPCC’s rent by nearly $100,000 per
year of fiscal year budget allocations and structured rental abatement
in the fiscal years more heavily impacted by budget constraints. They
helped to secure a $270,000 tenant allowance with the flexibility to
spend at a time and in a manner that was at the Council’s discretion and
when it determined such a credit would be most advantageous. They also
achieved the right for NWPCC to terminate in the final three years of
the lease.
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“The Council balances the region’s
power and environmental needs. We are under pressure to perform in
changing times and with fluctuating revenue sources. Mark and
Brandon not only saved us money but, by understanding our real
concerns, helped us obtain flexibility that we didn’t think we could
achieve.”
Sharon Ossman
Director of Finance |
