Sprint leases space on the City’s communication tower at 1801 Kerry Street. The lease commenced in 2000 and the current rental rate is $36,534.00 annually. The tenant is seeking to upgrade equipment at the lease premises and has requested a lease amendment. The lease allows the tenant to periodically upgrade equipment subject to the review and consent of the City.

The tenant has agreed to an increased monthly base rent amount of $400.00, equating to $4,800.00 per year. Annual rental rate effective upon installation will increase to $41,334.00. No other terms or conditions of the lease will change.

This 2^nd Amendment to Lease has been reviewed by the City’s Department of Information Technology and by Real Estate Services. The following condition(s) are noted:

• Equipment installation is in accordance with approvals for the macro upgrade last revised January 19, 2018 and attached as Exhibit B-1 to the 2^nd Amendment.
• Equipment installation shall be coordinated with the City’s Department of Information Technology.

Approval