RECOMMENDATION:
Enact an ordinance approving and authorizing a lease between the City of Houston, Texas and the United States of America acting by and through the Transportation Security Administration (TSA) for office space at William P. Hobby Airport (HOU).
SPECIFIC EXPLANATION:
The Transportation Security Administration (TSA) currently leases office and support space at William P. Hobby Airport (HOU) in support of its operations at the airport. The lease with the United States of America is facilitated by its General Services Administration (GSA) on behalf of TSA. The current lease was approved by City Council on December 17, 2015, when City Council adopted Ordinance 2015-1243; that lease will terminate on November 30, 2020.
The pertinent terms and conditions of the new lease are listed below:
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1) Leased Premises
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4,699 sq. ft of office and support space in the Terminal;
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2) Rental
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Years 1-5: $418,211.00 per year;
Years 6-10: $480,942.00 per year, payable in arrears.
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3) Term
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10 years. The term of the lease shall commence December 1, 2020 and expire November 30, 2030, subject to federal appropriations being made therefor.
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Fiscal Note:
Funding for this item is included in the FY2021 Adopted Budget. Therefore, no Fiscal Note is required as stated in the Financial Policies.
Director's Signature:
_____________________
Mario Diaz
Houston Airport System
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Estimated Revenue
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DEPARTMENT
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FY2021
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OUT YEARS
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TOTAL
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Houston Airport System
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$243,956.00
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$4,251,809.00
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$4,495,765.00
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