Agenda

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AI- 53544

Commissioners Court

Meeting Date:	02/06/2023
Lease Amendment: Frisco Tax Office Extension
Submitted For:	Bill Burke	Submitted By:	Lisa Bunch
Department:	Construction Projects
Request Type:	CONSENT	Agenda Area:	Amendment

Information

Department Action

Request Commissioner’s Court consideration and approval to the Amended and Restated Commercial 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, 2023 and terminating December 31, 2023.
Base rent shall remain at $15.00 per square foot for 3,042 square feet.
Additional rent for common area maintenance will be $6.50 per square foot for approximately 4,024 square feet. This is an increase of .30¢ per square foot. Total lease cost is $71,786.00 per annum.
In this amendment Article 1. Term and Termination:
#1. Changed to add one additional one year extension.
#4. Changed to add verbiage.

Purchasing Department Action

Request Commissioners Court consideration and any action regarding approval of the Second Amendment to Amended and Restated Commercial Lease Agreement between the City of Frisco and Collin County, AGR 2020-181, for property located at 6101 Frisco Square Blvd., Suite 2000, Frisco, TX, to extend the agreement for one (1) year commencing on January 1, 2023, continuing through and including December 31, 2023, and increase the common area maintenance (CAM) fee by .30¢ per square foot. Further, authorize the County Judge to execute the amended agreement and renewal letter. MD

Base rent shall remain at $15.00 per square foot for 3,042 square feet. Additional rent for common area maintenance will be $6.50 per square foot for approximately 4,024 square feet. This is an increase of 5% or .30¢ per square foot. Total lease cost is $71,786 per annum. No renewals remaining.

HR and/or IT Action

Budget Department Action

Request for approval of the Second Amendment to the Amended and Restated Commercial Lease Agreement between the City of Frisco and Collin County, AGR 2020-181, for property located at 6101 Frisco Square Blvd., Suite 2000, Frisco, TX. Amendment extends the agreement for 1 year commencing on January 1, 2023 through December 31, 2023. Base rent to remain the same at $15 per square foot for 3,042 square feet and $6.50 per square foot for common area maintenance at an increase of .30 per square foot for 4,024 square feet. New lease cost is $71,786. General Fund (0001).

Auditor's Office Action

Funds available in the General Fund.

Commissioners Court

Second Amendment to Amended and Restated Commercial Lease (Agreement No. 2020-181) with the City of Frisco for property located at 6101 Frisco Square Blvd., Suite 2000, Frisco, TX to extend the agreement for one (1) year through and including December 31, 2023, and increase the common area maintenance fee by $0.30 per square foot, Construction & Projects.

Budget Information

Information about available funds

Budgeted:

Funds Available:

Adjustment:

Amount Available:

$71,786.00

Unbudgeted:

Funds NOT Available:

Amendment:

Account Code(s) for Available Funds
1:	0001-40030-0009-56-30-0000-648005

Fund Transfers

Attachments
Court Order 2023-081-02-06
Memo
Frisco Lease 2023 Fully Executed Renewal.pdf
Renewal for 2023
Frisco Lease 2023 Fully Executed Second Amendment.pdf
Lease
2022
2021
2020