City of Alexandria, Virginia
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MEMORANDUM
DATE: NOVEMBER 20, 2024
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
THROUGH: JAMES F. PARAJON, CITY MANAGER /s/
FROM: JEREMY MCPIKE, DIRECTOR, GENERAL SERVICES
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Consideration of an Addendum to the Lease Agreement Between the City and Bankers Square Associates, LLC for office space at the Bankers Square Office Building located at 100 North Pitt Street
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ISSUE: Consideration of an Addendum to the Lease Agreement between the City and Bankers Square Associates, LLC for office space at the Bankers Square Office Building located at 100 North Pitt Street to accommodate existing City offices and City offices to be relocated from City Hall during the planned City Hall Renovation Project.
RECOMMENDATION: That City Council authorize the City Manager to execute the proposed Fifth Addendum to the lease with Bankers Square Associates, LLC.
BACKGROUND: After many years of service, City Hall requires major updates to repair aging components, improve operating systems, optimize space utilization, improve building circulation and wayfinding, and enhance security. Therefore, the City has initiated an extensive project to design and renovate City Hall which will provide a revitalized safe, and sustainable environment to better service City staff, Alexandria residents, and visitors well into the future.
During the City Hall renovation project, the entire building, its offices, staff and operations will be required to vacate the building. As a result, the City will need to secure alternative temporary office space, or swing space in nearby office buildings, including the Bankers Square Office Building, located at 100 North Pitt Street to accommodate the relocation of staff and offices from City Hall.
In 1997, the City entered into a three-year agreement with Bankers Square Associates to lease 5,959...
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