DEPARTMENT: Center City Development and Operations
DEPARTMENT HEAD: John Jacks
COUNCIL DISTRICTS IMPACTED: 7
SUBJECT:
Lease renewal with Omninet Centerview, LP for 6,208 and 14,344 square feet of office space located at 4335 and 4410 West Piedras Street respectively
SUMMARY:
Consideration of the following items related to the extension and amendment of leases with Omninet Centerview, LP for the Solid Waste Management Department (SWMD) at 4335 and 4410 West Piedras Drive, located in Council District 7:
A. This ordinance authorizes the execution of a five-year lease renewal agreement with Omninet Centerview, LP for use of 6,208 square foot portion of a building located at 4335 West Piedras Street for the purposes of providing office space for SWMD at the monthly rental rate of $9,053.00 in the first year increasing to $10,088.00 in the fifth and final year of the renewal term.
B. This ordinance authorizes the execution of a five-year lease renewal agreement with Omninet Centerview, LP for use of the entire 14,344 square foot building located at 4410 West Piedras Street for the purposes of providing office space for SWMD at the monthly rental rate of $20,321.00 in the first year increasing to $22,711.00 in the fifth and final year of the renewal term.
BACKGROUND INFORMATION:
Though the renewal term(s) will end on July 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, most SWMD staff at these facilities will be relocated to the consolidated municipal tower and these leases may be terminated prior to that date. Until that time the City has a continuing need for these facilities and has structured flexible renewal terms allowing the termination of this lease at or any time after July 2020 and before July 31, 2021 which should allow for the timely transition of occupancy from these facilities to the renovated Frost Tower. Additional background is as follows:
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