Request Commissioner’s Court consideration and approval of the Amended and Restated Lease Agreement between the City of Frisco and Collin County for property located at 6101 Frisco Square Blvd., Suite 2000, Frisco, TX. Commencing on January 1, 2018 and terminating December 31, 2018.
Square footage has been reduced from the previously leased 3,624 square foot to 3,042 square foot.
Base rent shall remain at $15.00 per square foot.
Additional rent for common area maintenance will be $5.10 per square foot for approximately 4,024 square foot. This is an increase of .10¢ per square foot. Total lease cost is $66,152.40 per annum.
Purchasing Department Action
Request Commissioner’s Court consideration and any action regarding approval of the Amended and Restated Lease Agreement between the City of Frisco and Collin County for property located at 6101 Frisco Square Blvd., Suite 2000, Frisco, TX, commencing on January 1, 2018 and terminating December 31, 2018. Further authorize the County Judge to execute same. md
Square footage has been reduced from the previously leased 3,624 square foot to 3,042 square foot.
Base rent shall remain at $15.00 per square foot. Additional rent for common area maintenance will be $5.10 per square foot for approximately 4,024 square foot. This is an increase of .10¢ per square foot. Total lease cost is $66,152.40 per annum.
HR and/or IT Action
Budget Department Action
Budgeted funds available for the lease agreement between the City of Frisco and Collin County for property located at 6101 Frisco Square Blvd. Suite 2000, Frisco, TX in the amount of $66,152.40. Lease term is January 1, 2018 through December 31, 2018 and includes a reduction in leased square footage of 582 square feet and an increase in the rent for common area maintenance of $.10 per square foot. General Fund (001).
Auditor's Office Action
Funds available in the General Fund.
Commissioners Court
Amended and Restated Lease Agreement with the City of Frisco for property located at 6101 Frisco Square Blvd., Suite 2000, Frisco, Texas, commencing on January 1, 2018 and terminating December 31, 2018, Construction & Projects.