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June 21, 2018, City Council Regular Meeting
Title
28. Motion to Approve Lease Amendment with New Cingular Wireless PCS, LLC at 1801 Kerry Street.
Strategic Priority
Good Government
Description

New Cingular Wireless PCS, LLC (“AT&T”) currently pays an annual rental rate at $56,946.63 for placement of telecommunication equipment on the City’s tower at 1801 Kerry Street. The tenant is seeking to upgrade equipment at the lease premises.

Based on negotiations and consultations with the City's GMA telecommunications consultant, the Tenant has agreed to an increased monthly base rent amount of $1,000.00, equating to $12,000.00 per year. Annual rental rate effective upon installation will increase to $68,946.63. No other terms or conditions will change.

This 4th Amendment to Lease has been reviewed by the City’s Information Technology Department (IT) and by Real Estate Services. The following condition(s) are noted:

  • Equipment installation is in accordance with approvals and attached as Exhibit A-3 to the 4th Amendment.
  • Equipment installation shall be coordinated with the City’s IT Department.
Recommendation

Approval

Contact
David Keating, Director of Real Estate Services
Financial Impact
No cost to the City. Increased annual revenue by $12,000.00 to total $68,946.63.
Review Comments
Attachments
Map and Picture of Cingular Wireless - 1801 Kerry Street.pdf
Fourth Lease Amendment - Cingular Wireless -1801 Kerry St.pdf
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