City of San Antonio - File #: 18-4978

• File #: 18-4978
• Type: Real Property Lease
• In control: City Council A Session
• On agenda: 9/13/2018
• Posting Language: Ordinance amending the 2012 Combined Agreement with Riverview Tower Partners, Ltd. to extend the lease term for an additional five years for the Information Technology Services Department's continued use of 21,502 square feet of office space located at 111 Soledad and adding 8,390 square feet for use by the Planning Department at initial reduced monthly rental amount of $43,981.50 and increasing to $45,203.20 in the thirty-first month. [Lori Houston, Assistant City Manager; John Jacks, Director, Center City Development and Operations]

Date	Ver.	Action By	Action	Result
9/13/2018	1	City Council A Session

DEPARTMENT: Center City Development and Operations


DEPARTMENT HEAD: John Jacks


COUNCIL DISTRICTS IMPACTED: 1


SUBJECT:

2nd Amendment of 2012 Combined Agreement with Riverview Tower Partners, Ltd



SUMMARY:

An Ordinance authorizing the 2nd Amendment to 2012 Combined Agreement between the City of San Antonio and Riverview Tower Partners, Ltd., for the continued use of 21,502 square feet of office space located at 111 Soledad by the Information Technology Services Department and to add 8,390 square feet of office space, for use by the Planning Department for an additional five-year term at the reduced monthly rental amount of $43,981.50 during months one through thirty and $45,203.20 during months thirty-one through sixty, with the option to terminate the lease with 180 days' notice, in City Council District 1.



BACKGROUND INFORMATION:

The Information Technology Services Department (ITSD) has been a tenant at Riverview Towers since 2002 when space on the ninth floor was originally leased for the Enterprise Resource Management (ERM) project. Since that time, the ERM Project has evolved and ITSD has expanded its presence at Riverview Towers to improve efficiencies related to service delivery and management of the City's information technology functions. At this time, ITSD wishes to renew their lease term for an additional five-year term and increase the leased premises by 8,390 square feet in order to accommodate the space needs of the Planning Department who must relocate from 1400 South Flores in order to provide the Neighborhood and Housing Services Department the additional space needed to accommodate their growing staff needs.


ISSUE:

The ITSD and the Planning Department will benefit not only from the economic terms of this lease renewal, but also the termination option which allows the City to terminate the lease with 180 days' notice at any time. This option will provide the City the flexibility needed to timely terminate this le...