Authorize negotiation and execution of an amendment to the lease agreement with Fifth Lane Capital, LP, a Delaware limited partnership, for 1,024 square feet of office space in the City’s University Park Building, the administrative office building to serve as a new colocation facility for Austin Capital Delivery Services and other departments, located at 3300 North Interstate Highway 35, Suite 380, Austin, Texas 78705, that will establish an earlier lease expiration date of April 1, 2026. Fundi

Staff Report & Agenda Item Details

Authorize negotiation and execution of an amendment to the lease agreement with Fifth Lane Capital, LP, a Delaware limited partnership, for 1,024 square feet of office space in the City’s University Park Building, the administrative office building to serve as a new colocation facility for Austin Capital Delivery Services and other departments, located at 3300 North Interstate Highway 35, Suite 380, Austin, Texas 78705, that will establish an earlier lease expiration date of April 1, 2026. Funding: This item is projected to reduce revenue by $25,032 in the Fiscal Year 2025-2026 and $12,516 in the Fiscal Year 2026-2027 of the Operating Budget of Austin Facilities Management.

This docket item is classified as NEUTRAL (0.0 Score Impact). Routine administrative reports, monthly accounts payable/disbursement registers, minutes approvals, and procedural motions are logged for public transparency but carry zero weight in calculating an official's Roll-Call Freedom Score.