Summary:
AT&T proposes to amend its License Agreement approved by City Council on February 21, 2000, which provided for the construction and operation of wireless communication facilities and equipment located on the roof top of the Library Parking Garage at 111 E. Central Blvd. The purpose of this amendment is to add options to renew the existing License Agreement. The current license is set to expire February 28, 2015. This amendment will include three (3) five (5) year renewal options ending on February 28, 2030. When the first option is exercised on March 1, 2015, the annual rent will be Thirty-Seven Thousand Sixty Four and 32/100 Dollars ($37,064.32) and will escalate 4% annually for the term of the license options. The Amendment also requires the payment of a renewal fee in the amount of $5,000.00. |
Recommended Action:
Approval and authorization for the Mayor/Pro Tem and City Clerk to execute the Amendment, substantially in the form attached, and approval and authorization, without further City Council approval, for the Real Estate Division Manager to execute additional extension options referenced herein, so long as such approvals are in conformance with the terms and conditions of the Amendment, all subject to the review and approval of the City Attorney's Office.
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