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December 8, 2022 City Council Regular Meeting | |
Title 44. Authorize the City Manager to Execute a Fifth Amendment to Existing Lease between the City (Landlord) and New Cingular Wireless PCS, LLC d/b/a AT&T Mobility Corporation (Tenant). | |
Strategic Priority Good Government | |
Description New Cingular Wireless PCS, LLC (“AT&T”) currently leases space on the City’s radio tower at 1801 Kerry Street and pays an annual rental rate at $81,822.57. AT&T is seeking to upgrade equipment at the lease premises and has agreed to pay an increased rental rate of $93,822.57. This 5th Amendment to Lease has been reviewed by the City’s Innovation & Technology Services (ITS), Real Estate Services, and City Attorney’s Office. The following condition(s) are noted:
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Recommendation Approval | |
Contact David Keating, Senior Director, Real Estate Administration | |
Financial Impact Increased annual revenue by $12,000 to total $93,822.57. | |
Review Comments | |
Attachments Exhibit 1: Map of 1801 Kerry Street.pdf Exhibit 2: 5th Amendment to Lease - New Cingular Wireless PCS, LLC, dba AT&T Mobility Corp.pdf |
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