TITLE
Consider a memorandum/resolution authorizing a commercial lease at 207 and 209 West Avenue D, Killeen, Texas.
SUMMARY
AGENDA ITEM
Commercial lease at 207 and 209 West Avenue D, Killeen, Texas
ORIGINATING DEPARTMENT
Support Services
BACKGROUND INFORMATION
Printing Services and Purchasing Division have occupied leased space at 207 and 209 West Avenue D, Killeen, Texas, since October, 2012. Staff continues to explore options that relocate these staff sections into property owned by the City of Killeen.
DISCUSSION/CONCLUSION
The current lease agreement ends on September 30, 2016. Staff and International Realtors have coordinated a 1-year lease extension through September 30, 2017.
Section III (Obtaining Goods and Services) of the City of Killeen Purchasing Manual states the council will approve all leases for real property and all other leases that exceed $50,000.00.
FISCAL IMPACT
The monthly rent in FY17 is $3,000, for an annual total of $36,000.00. Funds are available in accounts 010-2130-460.44-55 (Purchasing, $18,000.00) and 010-2134-460.44-55 (Printing Services, $18,000.00).
RECOMMENDATION
Staff recommends council authorize the City Manager to sign a commercial lease for the period October 1, 2016, to September 30, 2017, for property located at 207 and 209 West Avenue D, Killeen, Texas.