STRATEGIC PRIORITY: Workforce, Education & Equity
AGENDA DATE: September 11, 2024
COUNCIL DISTRICT(S): 13
DEPARTMENT: Department of Facilities and Real Estate Management
EXECUTIVE: Donzell Gipson
______________________________________________________________________
SUBJECT
Title
Authorize an amendment to an existing lease agreement with Central Congressional Church to extend the lease agreement for an additional 25 years for approximately 20,000 square feet of land located at 5600 Royal Lane, to be used as a parking lot for the period September 25, 2024 through September 24, 2049 - Not to exceed $91,576.50 - Financing: General Fund (subject to annual appropriations)
Body
BACKGROUND
This item, on behalf of the Dallas Public Library, authorizes an amendment to an existing lease agreement with Central Congressional Church to extend the lease agreement for an additional 25 years for approximately 20,000 square feet of land located at 5600 Royal Lane. The 25 year extension will provide for the continued use as a parking lot for the Preston Royal Branch Library.
The 25 year extension will begin on September 25, 2024 through September 24, 2049.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
On August 23, 1989, the City Council authorized a 25 year Lease Agreement by Resolution No. 89-2512.
On September 24, 2014, the City Council authorized the First Amendment to the Lease Agreement by Resolution No. 14-1610.
On June 5, 2019, the City Council authorized the Second Amendment to the Lease Agreement by Resolution No. 2019-0011.
FISCAL INFORMATION
|
Fund |
FY 2024 |
FY 2025 |
Future Years |
|
General Fund |
$83.00 |
$2,917.00 |
$88,576.50 |
OWNER/EXECUTIVE
Central Congressional Church
Charles, S. Hastings, Jr., Director
MAP
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