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June 11, 2026 City Council Regular Meeting
Title
21. Authorize the City Manager to Execute a Five-Year Lease Amendment at an Annual Rate of $34,500 for the Facility to Support the Project DeRenne Relocation Assistance Program (RAP) Located at 5521 Abercorn Street in Aldermanic District 4. (Real Estate Services Department)
Strategic Priority
GOAL 4:  Develop World Class Livable Environment & Infrastructure
Description

Project DeRenne is a 5-phase process for developing long-term solutions for the revitalization of the DeRenne Avenue Corridor. Phase III, (current phase) involves the environmental review process to understand the impacts the preliminary design may have on all aspects of the project.

The RAP will be chaired by City staff and managed collaboratively with City, federal, state, and local partners and will provide affected property owners and tenants with access to project resources and information.To support this project. The City currently leases a 1,500 square foot space at 5521 Abercorn Street, Unit 400. Within Phase III, planned are various public outreach meetings, and this will be a dedicated and accessible space to support those impacted by the Project.

The original lease is set to expire on September 30, 2026. Terms of the proposed 1st Amendment to the Lease Agreement include:
•    One (1) extension of the Lease for an additional term of five (5) years
•    Monthly rent of $2,875 beginning on October 1, 2026
•    Annual rent escalator of 3%

Recommendation

Approval

Contact
Cristy Lawrence, Senior Director, Real Estate & Capital Projects
Financial Impact
Approximately $34,500 per year in base and pass through rent from DeRenne Project Account
Review Comments
Attachments
Exhibit 1; Map - 5521 Abercorn Street (1).pdf
Exhibit 2; Original Lease - 5521 Abercorn St - Exe (1).pdf
Exhibit 3; Map - Project DeRenne (1).pdf
Exhibit 4; 1st Amendment to Lease - 5521 Abercorn Street (1).pdf
Agenda Plus