Primary Department: County Engineer
Primary Department Head/Elected Official: Milton Rahman, PhD, P.E., PMP, CFM, County Engineer
Secondary Department: N/A
Secondary Department Head/Elected Official: Not applicable
Regular or Supplemental RCA: Regular RCA
Type of Request: Lease Agreement
Project ID (if applicable): Not applicable
Vendor/Entity Legal Name (if applicable): Amos Global Energy, LLC, a Texas limited liability corporation
MWBE Contracted Goal (if applicable): Not applicable N/A
MWBE Current Participation (if applicable): Not applicable
Justification for 0% MWBE Participation Goal: N/A - Goal not applicable to request
Grant Indirect Costs Rate (if applicable): Not applicable
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 Amos Global Energy, LLC, for the use and occupancy of 1010 Lamar St., Houston, Texas 77002, and that the County Judge execute the Lease Agreement and extend the term to August 31, 2025, Precinct 1.
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Background and Discussion:
The original commercial agreement between Tenant and previous Landlords commenced on or about March 1, 2022, and the First Amendment commenced on or about May 16, 2023. Tenant has requested an extension to have sufficient time to relocate. Landlord has the right to establish fair market value, based on lease comps for similarly situated office space, the Engineering Department recommends fair market value of $25.00 per sf for year 1 of the extension term.
Expected Impact:
This agreement will expire on August 31, 2025. The renewal will provide an approximate revenue of $45,924.96. The Tenant currently pays $24.00 per square foot.
Alternative Options:
The County could offer a buy-out to the Tenant to see if Tenant would prefer that over renewing.
County Strategic Plan Goal: N/A
County Strategic Plan Objective: N/A
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