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HomeMy WebLinkAboutVIII-11 Approve Lease Agreement for Wireless Carrier Generator Installation - AT&T City Council Memorandum To: Mayor Fasbender & City Council Members From: Ryan Stempski – PW Director/City Engineer Date: August 1, 2022 Item: Approve Lease Agreement Amendment for Wireless Carrier Generator Installation – AT&T COUNCIL ACTION REQUESTED Council is requested to approve a lease agreement amendment with AT&T for a generator installation at the West 4th Street Water Tower site owned by the City. Council is also requested to authorize the Mayor’s and City Clerk’s signatures on the amendment. BACKGROUND AT&T is requesting to install a back-up generator and associated facilities in a designated location at the West 4th Street Tower site to service their existing Antenna Facilities. The generator facilities shall be subject to the same restrictions on installation, use, interference, and replacement as apply to the Antenna Facilities under the respective Site Lease Agreement dated July 1, 2008 for the West 4th Street Tower. FINANCIAL IMPACT The additional rent amount will increase by $160 per month and is based on additional lease space needed at the site. The agreement contains a rent escalator of 5% annually, which is the same amount as in prior agreements. For instance, the rents for 2023 will be 5% higher than for 2022, the 2024 lease amount will be 5% higher than for 2023, and so on. The agreements also provide consideration for increases to the lease amount in the event that AT&T would add facilities to the site in a way that results in their equipment occupying additional space beyond their current footprint, with the incremental rent amount being negotiated between parties and final outcome memorialized in an agreement amendment that would also be brought before the Council for approval. ATTACHMENTS A copy of the agreement amendment has been attached for reference. STAFF RECOMMENDATION Staff is recommending that the Council approve the amendment and authorize the Mayor and City Clerk to apply their signatures. VIII-11 VIII-11 VIII-11 VIII-11 VIII-11 VIII-11 VIII-11 VIII-11 VIII-11 VIII-11 VIII-11 VIII-11 VIII-11 VIII-11 VIII-11