ORDINANCE amending Ordinance No. 2017-0270 to increase the maximum contract amount for contract between the City of Houston and Brays Oak Towers, LTD to pay the lease for the Frank Library Location for the Houston Public Library Department
Specific Explanation:
The Director of the Houston Public Library requests that City Council approve an amending ordinance to increase the maximum Contract amount of the contract between the City of Houston and the Brays Oak Towers, LTD from $105,940.51 to $175,333.86 for the Frank Lease.
The contract is in its final term with the maximum amount of $105,940.51. We have extended the contract until December 2023. The Frank Library is closed at this location, and we are in the process of opening a new Library- The Dr. Shannon Waker Library at a different location. As a result of the extension until December 2023, it is necessary to request an increase in the maximum contract amount to pay the lease for the remainder of the contract. Expiration date for the contract is December 31, 2023 based on lease agreement.
|
Months
|
$/SF-YR
|
Monthly
|
Total
|
|
11/12/22-6/11/23
|
$16.00
|
$13,878.67
|
$97,150.69
|
|
6/12/23-6/30/23
|
$16.00
|
$8,789.92
|
$8,789.82
|
|
8/1/23-12/31/23
|
$16.00
|
$13,878.67
|
$69,393.35
|
|
|
|
|
$175,333.86
|
Fiscal Note:
Funding for this item is included in the FY2024 Adopted Budget. Therefore, no Fiscal Note is required as stated in the Financial Policies
|
Estimated Spending Authority:
|
|
|
|
|
Department
|
FY2024
|
Out Years
|
Total
|
|
Library
|
69,393.35
|
-
|
69,393.35
|
___________________________________
Rhea Lawson, Director - Houston Public Library