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CITY OF HOUSTON - CITY COUNCIL Meeting Date: 4/18/2017 District K
Item Creation Date: 3/27/2017
25CF35 Frank Branch HPL Express
Agenda Item#: 26.
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| | | | | | | | Summary:
ORDINANCE approving and authorizing first amendment to Lease Agreement between BRAYS OAKS TOWERS, LTD, as Landlord, and the City of Houston, Texas, as tenant, for 10,409 square feet of leased space at 10103 Fondren Road, Suite 100, Houston, Harris County, Texas, for the Houston Public Library (Frank Branch HPL Express) - DISTRICT K - GREEN |
| | | | | | | | Background:
SPECIFIC EXPLANATION: The General Services Department recommends approval of a First Amendment to Lease Agreement with Brays Oaks Towers, Ltd., (Landlord) for 10,409 square feet of lease space at 10103 Fondren Road, Suite 100, to operate the Frank Branch HPL Express, which includes a small book collection and a conference/training room. HPL has operated this HPL Express out of this lease space since 2007. HPL’s long-term goal is to relocate this library’s services into an HPL-owned facility, once appropriate funding is identified. The former Frank Branch Library was located within the 100-year flood plain and it would have been cost-prohibitive to correct deficiencies to comply with the Flood Control Ordinance.
The original lease commenced on November 12, 2007, for an initial term of ten years with two five-year renewal options at the current market rate. The proposed First Amendment will modify the monthly payment and exercise the first of two five-year renewal options at the monthly payment schedule as outlined below:
Rent Schedule
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From
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To
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Rent/SF/YR
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Monthly Payment
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Yearly Payment
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11/12/2017
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11/11/2018
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$ 14.00
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$ 12,143.83
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$ 145,725.96
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11/12/2018
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11/11/2019
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$ 14.50
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$ 12,577.54
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$ 150,930.48
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11/12/2019
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11/11/2020
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$ 15.00
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$ 13,011.25
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$ 156,135.00
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11/12/2020
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11/11/2021
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$ 15.50
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$ 13,444.96
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$ 161,339.52
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11/12/2021
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11/11/2022
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$ 16.00
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$13,878.67
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$ 166,544.04
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The first renewal term will commence November 12, 2017, and terminate November 11, 2022.
The landlord will provide maintenance and utilities, and HPL will pay for janitorial services and utilities that are separately metered to the leased premises on its behalf.
OPERATING BUDGET FISCAL NOTE: Funding for this item is included in the FY 2017 Adopted Budget. Therefore, no Fiscal Note is required as stated in the Financial Policy Ordinance No. 2014-1078.
CJM:JLN:RAV:CF:cf
xc: Marta Crinejo, Anna Russell, Jacquelyn L. Nisby and John Middleton
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| | | | | | | | Prior Council Action:
Ordinance No. 2007-0568; dated May 9, 2007
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| | | | | | | | Amount of Funding:
$780,675.00 - 5-year Renewal Term - General Fund (1000)
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| | | | | | | | Contact Information: Jacquelyn L. Nisby Phone: 832-393-8023
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