STRATEGIC PRIORITY: Transportation & Infrastructure
AGENDA DATE: October 11, 2023
COUNCIL DISTRICT(S): 6
DEPARTMENT: Department of Public Works
EXECUTIVE: Dr. Robert Perez
______________________________________________________________________
SUBJECT
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Authorize an amendment to an existing lease agreement with Ricchi Towers, LLC, to exercise a one-time renewal option to extend the lease agreement for an additional five years for approximately 1,950 square feet of office space located at 8585 North Stemmons Freeway, Suite S-525, to be used by the Dallas Police Department's Psychological Services Unit for the period November 1, 2023 through October 31, 2028 - Not to exceed $185,250.00 - Financing: General Fund (subject to annual appropriations)
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BACKGROUND
This item, on behalf of the Dallas Police Department, authorizes an amendment to an existing lease agreement with Ricchi Towers, LLC, to exercise a one-time renewal option to extend the lease agreement for an additional five years for approximately 1,950 square feet of office space located at 8585 North Stemmons Freeway, Suite S-525. The five year extension will provide for the continued use for the Police Department's Psychological Services Unit for personnel purposes.
The five year extension will begin on November 1, 2023 through October 31, 2028.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
On August 8, 2018, the City Council authorized a five year, two month Lease Agreement, with a one-time renewal option by Resolution No. 18-1036.
FISCAL INFORMATION
|
Fund |
FY 2024 |
FY 2025 |
Future Years |
|
General Fund |
$32,175.00 |
$35,993.75 |
$117,081.25 |
OWNER
Ricchi Towers, LLC
Kapela, LLC, Manager
901 Investment Group, LLC, Manager
Ruben Salinas, General Manager
MAP
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