STRATEGIC PRIORITY: Sustainable
AGENDA DATE: March 26, 2025
COUNCIL DISTRICT(S): 6
DEPARTMENT: Department of Aviation
EXECUTIVE: Dev Rastogi
______________________________________________________________________
SUBJECT
Title
Authorize a ten-year lease agreement with the United States of America, acting by and through the General Services Administration, for approximately 9,392 square feet of office, support, and storage space located in the Dallas Love Field terminal building, together with rights to the use of parking and other areas, for the Transportation Security Administration - Estimated Revenue: Aviation Fund $5,490,272.40 over ten years
Body
BACKGROUND
The City of Dallas currently leases office, support, and storage space in the terminal building at Dallas Love Field to the United States of America for the Transportation Security Administration (TSA). This ten-year lease commenced on April 1, 2015, and will expire on March 31, 2025.
Since the current lease agreement will expire March 31, 2025, the City now desires to enter into a new ten-year lease agreement with the United States of America for office, support, and storage space at Dallas Love Field, together with rights to the use of parking and other areas, for the TSA commencing April 1, 2025. The United States of America will pay the City an estimated amount of $534,939.24 annually for years one through five of the lease term and an estimated amount of $563,115.24 annually for years six through ten of the lease term. These amounts include rental payments for the leased space, operating costs, and parking fees.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
Estimated Revenue: Aviation Fund $5,490,272.40 over ten years