AGENDA CAPTION:
Title
Consider approval of Resolution 2019-100R, approving a Commercial Lease Amendment with TwoFold, LLC for the lease of the WIC Program Satellite Office at 641 North Walnut Avenue, New Braunfels, Texas for the purpose of extending the lease term for one additional year with an increase in rent from $1550 to $1575 per month; authorizing the City Manager to execute said Commercial Lease Amendment; and declaring an effective date.
Body
Meeting date: June 4, 2019
Department: Neighborhood Enhancement - WIC
Amount & Source of Funding
Funds Required: $19,500
Account Number: 52360 Building Rental - Various Divisions
Funds Available: $19,500
Account Name: Operating-Building Rental
Fiscal Note:
Prior Council Action: San Marcos City Council approved the initial lease for 641 N Walnut Avenue, New Braunfels, on August 7, 2018. The initial lease was for $1,550 per month plus a maximum of $50/month for an HVAC maintenance contract.
City Council Strategic Initiative: N/A
Comprehensive Plan Element (s): ☒ Parks, Public Spaces & Facilities - Choose an item.
Master Plan: N/A
Background Information:
From 2009 to 2018, the WIC Program leased from Two Fold LLC at 645 N Walnut Avenue in New Braunfels. In 2018, San Marcos City Council approved a new lease with the same landlord and WIC relocated next door to 641 N Walnut Avenue. The current item presented for approval extends the original 2018 lease at 641 N Walnut for an additional year to July 31, 2020. There is a slight increase in the monthly rental amount from $1,550 to $1,575, plus no more than $50 for an HVAC maintenance contract. Total cost for a year is $19,500.
Alternatives:
Recommendation: Recommend approval of this lease extension.