City Council

(40) 23-0750 CD 15 GOVERNMENT OPERATIONS COMMITTEE REPORT relative to a lease agreement with ROX TRG Gateway Owner, LLC for a Council field office located at 970 West 190th Street, Suite 150. Recommendation for Council action: AUTHORIZE the Department of General Services (GSD) to negotiate and execute a lease agreement between the City and ROX TRG Gateway Owner, LLC for a Council District 15 field office located at 970 West 190th Street, Suite 150. The lease term is for three years with a one-year option to extend. Fiscal Impact Statement: The Municipal Facilities Committee (MFC) reports that there is no anticipated current-year impact on the General Fund. Based on projections provided by GSD, there appears to be sufficient savings within the Citywide Leasing Account to offset an estimated shortfall of $7,000 for this lease. Other associated one-time costs such as furniture, moving, and communication expenses will be addressed through Council District 15’s discretionary funds. A reconciliation of the Citywide Leasing Account will be provided to the MFC as part of a subsequent Citywide Leasing Quarterly Status Report, with any potential year-end shortfalls to be reported to Council through the Financial Status Report. Future annual leasing costs will need to be funded through the City Budget process.