Item 24 Passed 10-0
Authorize negotiation and execution of an amendment to the lease agreement on behalf of Austin Facilities Management to extend the lease with Durbin Bennett Private Wealth Management, LLC, a Texas limited liability company d/b/a Maslow Wealth Advisors (Maslow Wealth), for 5,639 square feet of office space in the City’s Two Barton Skyway Building located at 1601 South MoPac Expressway, Suite 125D, Austin, Texas 78746, part of two administrative office buildings to serve as a new Public Safety Headquarters for Austin Fire, Austin Police, and Austin-Travis County Emergency Medical Services, that will establish an earlier lease expiration date of August 31, 2026; and authorize staff to administratively extend the lease on a month-to-month basis for up to four months at a rental rate of no less than $20,433 per month. Funding: This item is projected to reduce revenue by $20,433 in the Fiscal Year 2025-2026 and $81,731 in the Fiscal Year 2026-2027 of the Operating Budget of Austin Facilities Management.
The City owns the Two Barton Skyway Building on South MoPac, where it currently leases office space to a private tenant, Maslow Wealth Advisors. This item tweaks that lease so it wraps up sooner — by August 31, 2026 — with the option to keep the tenant month-to-month for up to four more months, all part of the City's plan to turn the buildings into a new Public Safety Headquarters for Austin Fire, Police, and EMS. Because the City is shortening the lease, it expects to bring in less rent: a projected $20,433 less in FY 2025-2026 and $81,731 less in FY 2026-2027.
The roll call
Approved on Consent 10-0
- Kirk Watson Mayor Yes
- Natasha Harper-Madison D1 Absent
- Vanessa Fuentes D2 Yes
- José Velásquez D3 Yes
- José "Chito" Vela D4 Yes
- Ryan Alter D5 Yes
- Krista Laine D6 Yes
- Mike Siegel D7 Yes
- Paige Ellis D8 Yes
- Zohaib "Zo" Qadri D9 Yes
- Marc Duchen D10 Yes