Laserfiche WebLink
2014 Arden Hills Cell Lease Information for City Water Towers <br />Company <br />2014 RateIncreaseContract <br />Location <br />Next Approved <br />MonthlyYearlyRateFrequencyIncrease/ RevisedExpires <br />Paid <br />Nextel/SprintYearly$33,000.004%Yearly20151995/20142039Red Fox <br />Paid <br />AT&T/CingularYearly$33,000.004%Yearly20151989/20142039Cummings <br />Every 5 <br />T-Mobile 1$1,322.50$15,870.0015%years201620002025Red Fox <br />Paid <br />T-Mobile 2Yearly$20,866.933%Yearly201420082028Cummings <br />Paid <br />TTMYearly$3,130.043%Yearly201420092030Red Fox <br />Paid <br />ZayoYearly$5,304.503%Yearly201420112041Cummings <br />Updated:4/22/2014 shows anticipated lease terms <br />SEH provided a master form of a wireless site lease agreement which is based on <br />recommendations from the League of Minnesota Cities. Staff and the City Attorney negotiated <br />the lease agreement with Cingular. Cingular has approved the new lease agreement and would <br />like to move forward with their upgrade project. <br />Key terms of the new site lease agreement are as follows: <br />Lease Rate The Tenant will pay a lease rate of $33,000 per year. No additional rent per year per <br />antenna will be charged. Rent shall be increased by 4%annually. <br />Site Restoration Escrow.The Tenant will provide an escrow of $5,000 that will be refunded to <br />the Tenant following the timely removal of all equipment from City property at the termination <br />or expiration of the lease. <br />Lease Term.The initial term of this lease agreement is five years. The lease will automatically <br />extend for five additional five-year periods. If the tenant chooses not to renew the lease, it must <br />send a written notice to the City within 90 days of the expiration date of the initial term or any <br />renewal term <br />Operation. <br />tenant at its cost within 30 days of notification of damage. <br />Repainting and Restoration.The tenant shall temporarily remove its equipment at its cost to <br />Page of <br />