Posting Language
Title
Authorize negotiation and execution of an amendment to the lease agreement with Open Lending LLC, a Texas limited liability company, for 25,368 square feet of office space in the City's One Barton Skyway Building, part of two administrative office buildings to serve as a new Public Safety Headquarters for Austin Fire, Austin Police, and Austin-Travis County Emergency Medical Services, located at 1501 South MoPac Expressway, Suite 450, Austin, Texas 78746, that will establish an earlier lease expiration date of December 31, 2026, and waive the base rent and other charges under the lease from April 1, 2026, through December 31, 2026, in the amount of $958,480. Funding: This item is projected to reduce revenue by $634,759 in Fiscal Year 2025-2026 and $323,721 in Fiscal Year 2026-2027 of the Operating Budget of Austin Facilities Management.
De
Lead Department
Austin Financial Services.
Fiscal Note
This item is projected to reduce revenue by $634,759 in the current Fiscal Year 2025-2026 and $323,721 in the Fiscal Year 2026-2027 of the Operating Budget of Austin Facilities Management.
Prior Council Action:
October 12, 2024 - Council approved acquisition of two administrative office buildings to serve as a new Public Safety Headquarters for the Austin Fire, Austin Police, and Austin-Travis County Emergency Medical Services.
For More Information:
Brandon Williamson, Austin Financial Services, 512-974-5666; Michael Gates, Austin Financial Services, 512-974-5639; Kimberly Olivares, Austin Financial Services, 512-974-2924.
Additional Backup Information:
The purpose of this item is to authorize the negotiation and execution of an amendment to the lease agreement with Open Lending for Suite 450, consisting of approximately 25,368 rentable square feet of office space, in the City's future public safety headquarters facility located at 1501 South Mopac Expressway, Austin, Texas 78746. On October 12, 2024, the City Council authorized the acquisition...
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