SUBJECT:
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Approval of a resolution authorizing the President & CEO, or her designee, to finalize and execute a commercial lease and termination lease agreements with Omega Media Properties, LP, a Texas limited partnership for 32,000 rentable square feet of office building spaces at 817 W. Howard Lane, Austin, Travis County, TX 78728 for a base period of three (3) years, with three (3), 1-year renewal options, for a total amount not to exceed $4,360,157.
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FISCAL IMPACT:
Funding for this action in included in the proposed FY 2025 operating budget.
STRATEGIC PLAN:
Strategic Goal Alignment:
? 1. Customer ? 2. Community
? 3. Workforce ? 4. Organizational Effectiveness
Strategic Objectives:
? 1.1 Safe & Reliable Service ?1.2 High Quality Customer Experience ? 1.3 Accessible System
? 2.1 Support Sustainable Regional Growth ? 2.2 Become a Carbon Neutral Agency
? 2.3 Responsive to Community and Customer Needs ? 2.4 Regional Leader in Transit Planning
? 3.1 Diversity of Staff ? 3.2 Employer of Choice ? 3.3 Expand Highly Skilled Workforce
? 4.1 Fiscally Responsible and Transparent ? 4.2 Culture of Safety ? 4.3 State of Good Repair
EXPLANATION OF STRATEGIC ALIGNMENT: CapMetro's Demand Response services contractor, MTM Transit, LLC (MTM) currently holds the lease at 817 West Howard Lane. Their contract with CapMetro expires on December 31, 2024. A new solicitation for Demand Response services was completed and the new contract is being proposed to the Board for action. The new contract for these services excludes the provision of an operations facility. CapMetro has been afforded the opportunity to take over the current leased facility from MTM, which includes two buildings and an adjacent parking lot. CapMetro will be taking over the commercial lease on January 1, 2025 to align with the award of the new Demand Response services contractor.
BUSI...
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