Posting Language
Title
Authorize negotiation and execution of an amendment to the lease agreement with Germer PLLC for office space in the City's One Barton Skyway Building located at 1501 South Mopac Expressway, Austin, Texas 78746, to provide for a lease termination date of October 31, 2026, and authorize the tenant's right to an early termination of the lease after March 31, 2026, with a 30-day notice of tenant's intent to vacate. Funding: This item has no fiscal impact.
De
Lead Department
Financial Services Department.
Fiscal Note
This item has no fiscal impact.
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.
June 5, 2025 - Council approved the negotiation and execution of the lease agreement with Germer PLLC, for an earlier expiration of the lease on February 28, 2026, and waiver of rent and other charges under the lease from July 1, 2025, through February 28, 2026, in an amount not to exceed $873,214.
For More Information:
Michael Gates, Financial Services Department, 512-974-5639; Kimberly Olivares, Financial Services Department, 512-974-2924; Brandon Williamson, Financial Services Department, 512-974-5666.
Additional Backup Information:
The purpose of this proposal is to authorize the execution of an amendment to the lease agreement with Germer PLLC for Suite 400, consisting of approximately 25,369 rentable square feet of office space, in the future public safety headquarters facility located at 1501 South Mopac Expr...
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