5A. Posting of Redacted JOTFOC1_Redacted.pdf

This is a Memo to File documenting the justification for a lease renewal without competition under the Simplified Lease Acquisition Threshold (SLAT).

Lease number 127EAB16L0204 is located at 105 Albright Street in Taos, New Mexico and will expire on December 31, 3026. The lease contains one remaining 5-year renewal option, and the government has determined that a renewal for 5 years is required per the Acquisition Plan contained in the lease file. The estimated net annual rent for this action is $41,366.52, which falls within the SLAT. The decision to pursue the lease extension is supported by GSAR 570.401. The lease contains a renewal option that will be evaluated and scored prior to award to ensure it remains an operating lease. Market data has been obtained confirming that the anticipated rental rate is fair and reasonable. The renewal is justified on a cost-based rationale, as lease extensions represent short-term contracting actions necessary to protect the government's occupancy rights when the government cannot vacate premises by the expiration of the existing contract term. Extensions avoid costs associated with holdover tenancies and prevent the government from incurring relocation costs. The agency's mission for this location requires a unique location that cannot be satisfied through alternative locations, though the Mission-based rationale box is unchecked on this documentation.