Agenda

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AI- 44799

Commissioners Court

Meeting Date:	05/07/2018
Lease Agreement: City of Frisco and Collin County
Submitted For:	Bill Burke	Submitted By:	Lisa Bunch
Department:	Construction Projects
Request Type:	CONSENT	Agenda Area:	Agreement

Information

Department Action

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.

Budget Information

Information about available funds

Budgeted:

Funds Available:

Adjustment:

Amount Available:

$66,152.40

Unbudgeted:

Funds NOT Available:

Amendment:

Account Code(s) for Available Funds
1:	001-4039-560.80-05

Fund Transfers

Remarks:

Attachments
Court Order
Memo
Commercial Lease
FY17 Rental Rates