Title
Resolution - Approval of Capital Improvement Plan Budget Amendment for Lease Improvement in Southern Travis County - J Beggs
Other Info
Submitted By: Julie Beggs
Department: Corporate Services
Financial Impact and Cost/Benefit Considerations: Amendment to the budget
Discussion
The board reviewed and approved the lease of professional business office space known as Circle C located at 5401 La Crosse Avenue, Building C, Austin, TX 78739 in Resolution Number 2017-201. The full design and construction plans have been developed for occupancy of said facilities that will house approximately 70 employees. The forecasted total cost of construction and finish-out of this facility is $1,341,950 of which the landlord contribution is set at $461,950. The remaining forecasted PEC budget to construct and finish out this office space is $880,000.
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE, that a budget of $880,000 is allocated toward the construction and finish-out of the lease space located at 5401 La Crosse Avenue, Building C, Austin, TX 78739; and
BE IT FURTHER RESOLVED, that the Chief Executive Officer, or designee, is authorized to take all such actions as needed to implement this resolution.