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Nassau Bay council authorizes two-year lease extension with Barrios Technology Ltd.
Summary
The City Council voted 5–0 to authorize the interim city manager to sign a 24-month lease extension with Barrios Technology Ltd., increasing base rent slightly and granting a $7-per-square-foot construction allowance; the tenant may exercise multiple 12‑month extensions later.
The Nassau Bay City Council on Dec. 9 authorized the interim city manager to sign a 24‑month lease renewal with Barrios Technology Ltd., extending the agreement through January 2028 and approving modest rent and allowance changes.
Staff told the council the extension runs from February 2026 through January 2028, and that the base rent would rise from about $21 per rentable square foot to roughly $22.05 — an increase staff described as roughly 5 percent. City staff also said the city, as landlord, will provide a $7-per-rentable-square-foot construction allowance for tenant improvements and that the tenant may exercise up to four additional 12‑month extension options under specified notice provisions.
A city staff presenter summarized the financial terms and said the previous allowance was not used. The Chair said the lease represented “money for us,” and council members moved and seconded the measure. Councilmember Chase moved the authorization; the motion was seconded and the council approved the lease extension in a recorded voice vote that passed 5–0.
The staff report noted a cap that prevents the base rate from increasing by more than 5 percent in any single lease year and that the lease contains standard notice and extension mechanics. The item was presented as a routine municipal real‑estate renewal; council members did not request additional conditions beyond staff review and legal signoff.
The council’s action authorizes the interim city manager to execute the renewal and does not describe subsequent changes to premises or relocation. Additional contract terms will be available in the executed lease and related legal review notes.
