Posting Language
Title
Authorize negotiation and execution of an amendment to the lease agreement with Austin Title Company, a Texas corporation, on behalf of Austin Facilities Management for 5,188 square feet of office space in the City-owned Two Barton Skyway building located at 1601 South MoPac Expressway, Austin, Texas 78746, one of two administrative office buildings that will serve as a new public safety headquarters for Austin Fire, Austin Police, and Austin-Travis County Emergency Medical Services, to amend the lease expiration date from May 31, 2029, to May 31, 2027, and waive the base rent and operating expenses from October 1, 2026, through May 31, 2027, in the amount of $152,490; and authorize staff to administratively extend the lease on a month-to-month basis for up to two months at a rental rate of no less than $13,761.17 per month plus operating expenses, estimated at $5,202.51 per month; and finding this lease amendment serves a public purpose and is of benefit to the City. Funding: This item is projected to reduce revenue in the Fiscal Years 2026-2029 Operating Budget of Austin Facilities Management by $629,866.
De
Lead Department
Austin Financial Services.
Fiscal Note
This item is projected to reduce revenue in the Fiscal Years 2026-2029 Operating Budget of Austin Facilities Management by $629,866.
Prior Council Action:
October 12, 2024 - Council approved the negotiation and execution of all documents and instruments necessary or desirable to acquire in fee simple 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, located at 1501 and 1601 South Mopac Expressway, Austin, Texas 78746, from G&I VII Barton Skyway LP, in an amount not to exceed $107,892,000, including closing costs.
For More Information:
Brandon Williamson, Austin Financial Serv...
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