Department: Toll Road Authority
Department Head/Elected Official: Roberto Trevi?o, P.E., Executive Director
Regular or Supplemental RCA: Regular RCA
Type of Request: Lease Agreement
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): SLS - SOUTH LOOP, LLC
MWDBE Contracted Goal (if applicable): N/A
MWDBE Current Participation (if applicable): N/A
Justification for 0% MWDBE Participation Goal: N/A - Goal not applicable to request
Request Summary (Agenda Caption):
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Request for approval of a lease agreement with SLS - SOUTH LOOP, LLC, for the rental of 46,964 square feet, Suites 200, 700 and 900, in office building located at 2636 South Loop West, Houston, Harris County, Texas, for a period of sixty (60) months in the amount of $5,400,859.80 (Precinct 1).
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Background and Discussion:
Since the implementation of the Toll Setting Policy in September of 2023, HCTRA has seen a significant increase in customers' willingness to pay. HCTRA has expanded its payment options as well as expanded its customer accessibility by increasing the hours of operations. To maintain service levels, we plan to ramp up the operations staff. Consequently, we will need to acquire additional space to house the increase in employees.
The South Loop location presents a turnkey solution that provides HCTRA with quick access to a new location without requiring a buildout. The operating expenses are based on HCTRA's pro rata share of the total building square footage.
Expected Impact:
This lease agreement will permit HCTRA to accommodate office space, parking, and furniture for Customer Service, Image Review, and support services personnel.
Alternative Options:
No other recommended solutions for this identified need.
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
X Transportation
_ Flooding
_ Environment
_ Governance and Customer Service
Prior Court Action (if any): None
Date
Agenda Item #
Action Taken...
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