Posting Language
Title
Authorize negotiation and execution of an amendment to the lease agreement with Fifth Lane Capital, LP, a Delaware limited partnership, for 1,024 square feet of office space in the City's University Park Building, the administrative office building to serve as a new colocation facility for Austin Capital Delivery Services and other departments, located at 3300 North Interstate Highway 35, Suite 380, Austin, Texas 78705, that will establish an earlier lease expiration date of April 1, 2026. Funding: This item is projected to reduce revenue by $25,032 in the Fiscal Year 2025-2026 and $12,516 in the 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 $25,032 in the Fiscal Year 2025-2026 and $12,516 in the Fiscal Year 2026-2027 of the Operating Budget of Austin Facilities Management.
Prior Council Action:
September 11, 2025 - Council approved an amendment to the lease agreement with Fifth Lane Capital, LP, a Delaware limited partnership, for 1,024 square feet of office space in the City's University Park Building.
May 7, 2025 - Council approved acquisition of an administrative office building to serve as a new facility for Austin Capital Delivery Services and other departments.
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 Fifth Lane Capital, LP, for Suite 380, consisting of approximately 1,024 rentable square feet of office space, in the future colocation facility for Austin Capital Delivery Services and other City's departments, located at 3300 North Interstate Highway 35, Suite 380, Austin, Texas 78705. On May 7, ...
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