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Page 2 of 2 <br /> <br />Budget Impact <br /> <br />The 2021 lease payment from AT&T to the City of Arden Hills is $49,499, with a 4 percent <br />annual adjustment. The proposed amendment to the Site Use Lease Agreement would become <br />effective January 1, 2022, and would not affect 2021 revenues. A negotiated decrease in the <br />annual lease rate or a termination of the lease agreement will decrease revenue to the City’s <br />General Fund in future years. <br /> <br />Year Current Lease Amended Lease <br />2022 $ 51,479 $ 40,000 <br />2023 $ 53,538 $ 41,200 <br />2024 $ 55,680 $ 42,436 <br />2025 $ 57,907 $ 43,709 <br />2026 $ 60,223 $ 45,020 <br />2027 $ 62,632 $ 46,371 <br />2028 $ 65,138 $ 47,762 <br /> <br /> <br />Attachments <br />Attachment A: AT&T Site Lease Agreement and Amendment <br /> <br /> <br />