title
Space and Rooftop Lease at Place St. Charles (201 St. Charles Place, LLC)
end
|
DESCRIPTION: Sixth Amendment for Space and Rooftop Lease at 201 Place St. Charles |
AGENDA NO: Click or tap here to enter text. |
|
ACTION REQUEST: ☒ Approval ☐ Review Comment ☐ Information Only ☐ Other |
RECOMMENDATION:
recommendation
To ratify the Chief Executive Officer’s decision to renew the current lease with 201 St. Charles Place, LLC for the purpose of housing and operating RTA radio antennas and related communication equipment in the absence of a board quorum at a cost not to exceed $390,534.84.
end
ISSUE/BACKGROUND:
body
RTA radio antenna(s) and related equipment operate from the rooftop of Place St. Charles. The “Fifth Amendment to Space and Rooftop Lease” with Place St. Charles expires on March 31, 2026, and RTA needs to enter into a “Sixth Amendment to Space and Rooftop Lease” at this time, extending the current lease through March 31, 2029.
end
DISCUSSION:
Given both location and equipment issues, it is recommended that RTA proceed with a sole source award herein. The sole source justification is as follows:
The RTA radio antenna(s) and associated communication equipment have been installed in a dedicated and enclosed space on the rooftop of Place St. Charles since 2003. The antenna(s) and equipment are permanently installed. Removal and relocation would be difficult and expensive, at a cost estimated to exceed $100,000.00. The indoor space (“Radio Room”) is air-conditioned and ventilated to protect the equipment, with the A/C system replaced in October 2019 to ensure optimal functionality. Significantly, the Place St. Charles space/rooftop provides RTA with the most comprehensive radio coverage in the metropolitan New Orleans area. For these reasons, it is essential that RTA continue to operate from this location without incurring excessive costs or interruption of service. Note that the annual cost of the lease is competitively priced for like or similar space and determined by staff to be fair and reasonable.
FINANCIAL IMPACT:
A total amount of $390,534.84 for the three-year lease term. Funding is available through the RTA Operating Account 01-4200-99-9751-012-00-00-00000-00000.
It is authorized to ratify a lease with 201 St. Charles Place, LLC for space on the roof and 53rd floor of Place St. Chares for radio antennas and associated communication equipment at the following monthly amount:
|
April 1, 2026 - March 31, 2027 |
$10,634.09 |
|
April 1, 2027 - March 31, 2028 |
$10,846.77 |
|
April 1, 2028 - March 31, 2029 |
$11,063.71 |
NEXT STEPS:
Proceed with lease renewal as indicated above.
ATTACHMENTS:
1. Resolution for Ratification of Lease Renewal
2. Sole Source Justification
3. Sixth Amendment to Space and Rooftop Lease
Prepared By: Marc Popkin
Title: Risk Management Counsel
Reviewed By: Tracy Tyler
Title: Chief Legal Officer
Reviewed By: Gizelle Johnson-Banks
Title: Chief Financial Officer
3/16/2026
Lona Edwards Hankins Date
Chief Executive Officer