Description
Title: Authorize negotiation and execution of an amendment to the lease agreement with North Star Consultants, Inc. for 5,792 square feet of office space in the City’s Two Barton Skyway Building located at 1601 South MoPac Expressway, Suite 475, Austin, Texas 78746, that will establish an earlier lease expiration date of October 31, 2026, and waive rent and other charges under the lease in an amount not to exceed $184,778, and authorize staff to administratively extend the lease on a month-to-month basis for up to six months at a rental rate of no less than $17,110.53 per month. Funding: This item i
Summary
The proposed lease amendment for 1601 S. Mopac Expy., Suite 475, in Austin, seeks to modify the existing lease with North Star Consultants, Inc. The amendment will establish a new lease expiration date of October 31, 2026, significantly earlier than the original 2031 date, and waive rent and other charges totaling up to $184,778. This change aims to facilitate the City’s occupancy of the space as a public safety headquarters for the Austin Fire Department, EMS, and Police Department. The decision is projected to reduce revenue by $161,388 in FY 2025-2026 and $23,390 in FY 2026-2027. The lease amendment is seen as a cost-effective way