DEPARTMENT: Center City Development & Operations
DEPARTMENT HEAD: John Jacks
COUNCIL DISTRICTS IMPACTED: 1
SUBJECT:
Lease Agreement - Human Resources Department, 111 Soledad Street
SUMMARY:
This Ordinance authorizes the execution of the 6th Renewal and 5th Amendment to Lease Agreement between the City of San Antonio as Tenant and Riverview Tower Partners, Ltd. as Landlord, for the continued rental of approximately 18,830 square feet of office space located at 111 Soledad Street, Suites 120, 200 and 925, in City Council District 1, for use by the Human Resources Department for a five-year term commencing April 1, 2017, expiring March 31, 2022. The annual rent will be $338,940.00 over the entire five-year term, with the right to terminate the lease at or any time after September 30, 2019.
BACKGROUND INFORMATION:
Pursuant to Ordinance No. 2011-05-05-0346, dated May 5, 2011, the Human Resources Department has been a tenant at Riverview Towers since January 2012. This action will serve to extend the lease term of Suites 120 and 200, and amend the Lease Agreement to add Suite 925 (currently being used by the Human Resources Department for training purposes) to this Lease Agreement. Though this renewal term will end on March 31, 2022, as part of the City's strategy to relocate all staff in leased facilities in the downtown area into the refurbished Frost Tower, all Human Resources staff at this facility will be relocated to the consolidated municipal tower and it is expected that this lease will be terminated prior to that date. Until that time the City has a continuing need for this facility and has flexibility to cancel this lease at or any time after September 30, 2019.
ISSUE:
Approval of this ordinance is a continuation of City Council policy to support the office space needs of the Human Resources Department.
ALTERNATIVES:
City Council could choose not to approve this 6th Renewal and 5th Amendment to Leas...
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