SUBJECT:
title
Approval of a resolution authorizing the President & CEO, or her designee, to finalize and execute an amendment to the property management agreement with CIM TX Management, LLC for property management services for 3100 E. 5th Street, Austin, Texas to extend the agreement through December 31, 2024, for a total amount not to exceed of $217,500, plus related pass-through building expenses.
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FISCAL IMPACT:
Funding for this action is available in the FY2024 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: Property management services currently support the operation of the CapMetro owned facility located at 3100 E. 5th Street. The building currently has two tenants who occupy a portion of the 3rd floor of the facility. These property management services will continue to support the financial and operational needs of the agency and these tenants.
BUSINESS CASE: CapMetro leases a portion of its facility located at 3100 E. 5th street to two tenants who pay rent on a monthly basis. Property management services, including security, janitorial, maintenance, etc. are required to support the needs of these tenants and the upkeep and maintenance of CapMetro's asset. CapMetro is in the process of establishing in-house capacity for these services, but this cap...
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