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AI- 48271
Commissioners Court
Meeting Date: 04/13/2020  
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 First Amendment to 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, 2020 and terminating January 1, 2021. 

Base rent shall remain at $15.00 per square foot for 3,042 square feet.

Additional rent for common area maintenance will be $5.62 per square foot for approximately 4,024 square feet.  This is an increase of .26¢ per square foot. Total lease cost is $68,244.88 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, AGR 2020-181, for property located at 6101 Frisco Square Blvd., Suite 2000, Frisco, TX, commencing on January 1, 2020 and terminating December 31, 2020. Further authorize the County Judge to execute same. md

Base rent shall remain at $15.00 per square foot for 3,042 square feet. Additional rent for common area maintenance will be $5.62 per square foot for approximately 4,024 square feet.  This is an increase of .26¢ per square foot. Total lease cost is $68,244.88 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 $67,198.64. Lease term is January 1, 2020 through December 31, 2020. Base rent is remaining the same at $15 per square foot for 3,042 square feet. Common area maintenance will be increasing $.26 per square foot to $5.62 per square foot for 4,024 square feet. Total lease cost is $68,244.88. General Fund (0001).
Auditor's Office Action
No action by Auditor.
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, 2020 and terminating on December 31, 2020, Construction & Projects.
Budget Information
Information about available funds
Budgeted: Funds Available: Adjustment: Amount Available: $68,244.88
Unbudgeted: Funds NOT Available: Amendment:
Account Code(s) for Available Funds
1: 0001-40030-0009-56-30-0000-648005
Fund Transfers
Remarks:
Attachments
Court Order
Memo
Lease 2020
Lease 2019

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