City of San Antonio - File #: 13-1125

• File #: 13-1125
• Type: Real Property Lease
• In control: City Council A Session
• On agenda: 12/19/2013
• Posting Language: An Ordinance authorizing the 1st Amendment to Lease Agreement with Riverview Tower Partners, Ltd., and the City of San Antonio for the addition of 2,360 square feet of space for the Central Stores Division of the Finance Department located at 111 Soledad Street for an initial term of five-years at an annual cost of $40,119.96 during year’s one through three and escalating to $42,480.00 during year’s four and five plus a pro-rata share of operating expenses increases over a base year. [Ben Gorzell, Chief Financial Officer; Jorge Perez, Director, Building and Equipment Services]

DEPARTMENT: Building and Equipment Services


DEPARTMENT HEAD: Jorge A. Perez


COUNCIL DISTRICTS IMPACTED: 1


SUBJECT:
1st Amendment to Lease Agreement for Finance's Print Shop

SUMMARY:
This ordinance authorizes the execution of the 1st Amendment to Lease Agreement with Riverview Tower Partners, Ltd., and the City of San Antonio for the addition of 2,360 square feet of space to be utilized by the Central Stores Division of the Finance Department located at 111 Soledad Street in Council District 1 for an initial term of five-years at an annual cost of $40,119.96 during years one through three and escalating to $42,480.00 during years four and five. The City will also pay its pro-rata share of operating expenses subject to increase after the base year of the term. The lease amendment gives the City the right to terminate this portion of its occupancy at the expiration of the existing Finance lease which is May 31, 2016 upon 180-days written notice to landlord.



BACKGROUND INFORMATION:

Pursuant to Ordinance 2006-11-30-1349 the Finance Department relocated into 29,848 square feet of office space in the Riverview Tower Building from the former City Hall Annex Building in May of 2007 to allow that antiquated building to be torn down and the site prepared for future development. As part of the Annex relocation, the Central Stores Division, then under the authority of the Purchasing Department, moved to a building at 416 Dolorosa Street. That lease will soon expire and under separate Council action staff has recommended to Council approval of a short term extension to allow for the timely relocation to the subject facility.

The move to Riverview Tower's will allow Finance to consolidate all of its operations in a single facility, accomplish operating efficiencies that will better utilize space within its existing occupancy and allow for the Print Shop functions to decrease their footprint compared to the present occupancy providing sav...