Posting Language
Title
Authorize negotiation and execution of an amendment to the lease agreement on behalf of Austin Facilities Management to extend the lease with Durbin Bennett Private Wealth Management, LLC, a Texas limited liability company d/b/a Maslow Wealth Advisors (Maslow Wealth), for 5,639 square feet of office space in the City's Two Barton Skyway Building located at 1601 South MoPac Expressway, Suite 125D, Austin, Texas 78746, 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, that will establish an earlier lease expiration date of August 31, 2026; and authorize staff to administratively extend the lease on a month-to-month basis for up to four months at a rental rate of no less than $20,433 per month. Funding: This item is projected to reduce revenue by $20,433 in the Fiscal Year 2025-2026 and $81,731 in the Fiscal Year 2026-2027 of the Operating Budget of Austin Facilities Management.
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Lead Department
Austin Financial Services.
Fiscal Note
This item is projected to reduce revenue by $20,433 in the Fiscal Year 2025-2026 and $81,731 in the Fiscal Year 2026-2027 Operating Budget of Austin Facilities Management.
Prior Council Action:
October 12, 2024 - Council approved acquisition of approximately 13.83 acres, including two four-story Class A office buildings totaling approximately 390,963 square feet of office space and two five-level parking garages with approximately 1,551 garage and surface parking spaces, for municipal offices.
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 Maslow Wealth for Suite 125D, consisting of approxima...
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