Primary Department: County Engineer
Primary Department Head/Elected Official: Milton Rahman, PhD, P.E., PMP, CFM, County Engineer
Secondary Department: Commissioner, Precinct 4
Secondary Department Head/Elected Official: Commissioner Lesley Briones
Regular or Supplemental RCA: Regular RCA
Type of Request: Lease Agreement
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): Killam Development, LTD
MWBE Contracted Goal (if applicable): N/A
MWBE Current Participation (if applicable): N/A
Justification for 0% MWBE Participation Goal: N/A - Goal not applicable to request
Grant Indirect Costs Rate (if applicable): N/A
Justification for 0% Grant Indirect Costs Rate (if applicable): N/A - Not a grant item
Request Summary (Agenda Caption):
title
Request for approval of a Lease Agreement between Harris County and Killam Development, LTD, for the use and occupancy of 3131 Eastside St., Houston, Texas 77098, and that the County Judge execute the Lease Agreement for a term of 91 months, security deposit of $106,681.85, total base rent costs approximately $5,139,819.72, and to commence on the date upon which Landlord's Work in the Premises has been substantially completed, Precinct 4.
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Background and Discussion:
Precinct 4 is seeking to secure a commercial office agreement for administrative office use, as they are currently occupying a section of the 13th floor of 1111 Fannin and do not have adequate office space for the staff. Landlord has the right to establish fair market value, based on lease comps for similarly situated office space, the Engineering Department agrees to fair market value rates of $18.50 psf for months 01-13, $19.00 psf for months 14-26, $19.50 for months 27-39, $20.00 psf for months 40-52, $20.50 psf for months 53-65, $21.00 psf for months 66-78, and $21.50 psf for months 79-91. There will also be 7 additional months of abated rent for months 01, 14, 27, 40, 53, 66, and 79.
Expected Impact:
This agreement has a term...
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