Item Coversheet

CITY OF HOUSTON - CITY COUNCIL
Meeting Date: 12/15/2015
District I
Item Creation Date: 11/23/2015

25CF20 HPD Federal Credit Union Lease

Agenda Item#: 38.


 
                               
Summary:

ORDINANCE  approving  and  authorizing Lease Agreement between HOUSTON POLICE FEDERAL CREDIT UNION,  as tenant,  and the  City  of  Houston,  Texas,  as landlord, for space in  the Houston  Police Department Headquarters Building at 1200 Travis  Street,  Houston, Texas - DISTRICT I - GALLEGOS

Background:

SPECIFIC EXPLANATION The General Services Department recommends approval of a Lease Agreement between City of Houston (Landlord) and Houston Police Federal Credit Union (HPFCU), tenant, for 1,023 square feet of space, consisting of 999 square feet of office space on the 20th floor and 24 square feet for an ATM machine on the 1st floor of the HPD Headquarters located at 1200 Travis Street.  HPFCU has operated a credit union out of this lease space since 1999.

 

The proposed Lease Agreement provides for a five-year base term at a monthly rental of $1,278.75, with three five-year renewal options at the then current market rental rate. 

 

The new lease term will commence on the first day of the month immediately following the date the Lease is countersigned by the City Controller.

 

The City is responsible for janitorial services and utilities.

 

SM:HB:JLN:CF:cf

xc:    Marta Crinejo, Anna Russell, Jacquelyn L. Nisby

Prior Council Action:
NA
Amount of Funding:
NA
Contact Information:

For additional information contact:      

Jacquelyn L. Nisby                       Phone: 832-393-8023
ATTACHMENTS:
DescriptionType
RCA FCU 11-23-15Backup Material
RCA Map 11-23-15Backup Material