Posting Language
Title
Authorize negotiation and execution of an amendment to the lease agreement with North Star Consultants, Inc. for 5,792 square feet of office space in the City's Two Barton Skyway Building located at 1601 South MoPac Expressway, Suite 475, Austin, Texas 78746, that will establish an earlier lease expiration date of October 31, 2026, and waive rent and other charges under the lease in an amount not to exceed $184,778, and authorize staff to administratively extend the lease on a month-to-month basis for up to six months at a rental rate of no less than $17,110.53 per month. Funding: This item is projected to reduce revenue by $161,388 in the Fiscal Year 2025-2026 and $23,390 in the Fiscal Year 2026-2027 Operating Budget of Austin Facilities Management.
De
Lead Department
Austin Financial Services.
Fiscal Note
This item is projected to reduce revenue by $161,388 in the Fiscal Year 2025-2026 and $23,390 in the Fiscal Year 2026-2027 Operating Budget of Austin Facilities Management.
Prior Council Action:
October 12, 2024 - Council approved acquisition of two four-story Class A office buildings totaling approximately 390,963 square feet and two five-level parking garages located at 1501 and 1601 South Mopac Expressway, Austin, Texas 78746.
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 negotiation and execution of an amendment to the lease agreement with North Star Consultants, Inc. for Suite 475, consisting of approximately 5,792 rentable square feet of office space, in the City's future public safety headquarters facility located at 1601 South Mopac Expressway, Austin, Texas 78746. The purpose is also to authorize staff to administratively extend the lease on a month-to-month basis for up to six months at a rental rate...
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