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September 26, 2019, City Council Regular Meeting
17. Motion to Authorize the City Manager to Execute Amendment No. 2 with T-Mobile for Lease of the City's Water Tank at 29 Sapelo Road
Strategic Priority
Good Government

T-Mobile South LLC (T-Mobile) currently pays an annual rental rate of $53,444.79 for placement of telecommunication equipment on the City’s Water Tank at 29 Sapelo Road on Wilmington Island. The current lease ends in August 23, 2020 and the tenant is seeking an amendment in which to add the option of four (4) additional five (5) year extensions. Upon renewal, rental rate will be $55,057.55 per year with an annual escalator of 4%. This request has been reviewed and approved by the City's GMA telecommunications consultant.

No other terms or conditions will change.




David Keating, Director of Real Estate Services
Financial Impact
Revenue of $55,057.55 to the Water and Sewer Fund
Review Comments
Exhibit 1: Map - T-Mobile Lease of City Water Tank.pdf
Exhibit 2: Executed Amendment - T-Mobile Lease of City Water Tank.pdf
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