STRATEGIC PRIORITY: Workforce, Education & Equity
AGENDA DATE: October 23, 2024
COUNCIL DISTRICT(S): 3
DEPARTMENT: Department of Facilities and Real Estate Management
EXECUTIVE: Donzell Gipson
______________________________________________________________________
SUBJECT
Title
Authorize an amendment to an existing lease agreement with SVEA DB Holdings II, LLC to extend the lease agreement for an additional two years for approximately 4,996 square feet of office space located at 2730 Coombs Creek Drive, to be used as a Building Inspection’s Southwest District Office for the period December 1, 2024 through November 30, 2026 - Not to exceed $244,728.96 - Financing: Building Inspection Fund (subject to annual appropriations)
Body
BACKGROUND
This item, on behalf of the Planning and Development Services, authorizes an amendment to an existing lease agreement with SVEA DB Holdings II, LLC to extend the lease agreement for an additional two years for approximately 4,996 square feet of office space located at 2730 Coombs Creek Drive. The two-year extension will provide for the continued use as Building Inspection’s Southwest District Office.
The two-year extension will begin on December 1, 2024 through November 30, 2026.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
On April 27, 2016, the City Council authorized the First amendment to the Lease Agreement by Resolution No. 16-0654.
On December 10, 2014, the City Council authorized a ten-year Lease Agreement by Resolution No. 12-2114.
FISCAL INFORMATION
|
Fund |
FY 2025 |
FY 2026 |
Future Years |
|
Building Inspection Fund |
$100,960.80 |
$123,172.16 |
$20,596.00 |
OWNER/EXECUTIVE
SVEA DB Holdings II, LLC
Harry J. Kruper, Jr., Manager
MAP
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