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February 22, 2024, City Council Regular Meeting | |
Title 32. Authorize the City Manager to Approve the Lease of Space to the General Services Administration on City Telecommunication Tower at 1801 Kerry Street. | |
Strategic Priority Public Safety | |
Description The General Services Administration (GSA), on behalf of the Federal Protective Service and US Department of Homeland Security, has requested to lease space on the City-owned telecommunications tower at 1801 Kerry Street for the operation of telecommunications equipment for the federal government. The proposed annual rent is $8,943.84 for the first year, with an annual 3% rent escalation per subsequent years. The initial term of the agreement is one (1) year and provides nine (9) one-year extensions. These extensions are subject to yearly federal budget approval. | |
Recommendation Approval | |
Contact David Keating, Senior Director, Real Estate Administration Department | |
Financial Impact Income of $8,943.84 + 3% annual escalators to the General Fund | |
Review Comments | |
Attachments Exhibit 1: Map - 1801 Kerry Street.pdf Exhibit 2: GSA Lease.pdf |
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