3VT0082_Redacted SLAT Absence of Comp Memo.pdf

This is a Simplified Lease Acquisition Threshold - Absence of Competition Memorandum for a federal real estate lease succession.

The document pertains to lease number LVT04969 occupied by the Veteran Health Administration, expiring on 5/9/2026 for Project Number Rexus 3VT0082. The Government determined that the current space at 19 Gregory Drive, South Burlington, Vermont represents the most advantageous location to meet the tenant agency's continuing space needs. Market research was conducted using SAM.gov Contract Opportunities posting, and two responses were received from the City of South Burlington (incumbent at 19 Gregory Drive) and John Beal V/T Commercial (120 Kimball Avenue). The decision to pursue a succeeding lease action is supported by GSAM 570.402-1(a) and 570.203-2 via a cost-based rationale. The Succeeding Lease Analysis Tool demonstrates that the Government could not expect to recover relocation and duplication costs through full and open competition, with expected aggregate cost savings from staying in place redacted under FOIA exemptions (b)(5) and (b)(4). The memo was prepared on 8/30/2024 by a Lease Specialist and approved on 9/2/2024 by the Lease Contracting Officer. Page 2 contains information protected under FOIA exemptions (b)(5) and (b)(4).