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2003_0915_packet
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LEASE AGREEE i <br />This Lease Agreement C "Lease ") is entered into this 15th day of September, 2003 by and between <br />the City of Roseville, a Minnesota municipal corporation ( "'Owner ") and Sprint Spectrum, L.P., a <br />Delaware limited partnership with principal offices at 1 500 West 113th Street, Lenexa, Kansas <br />66291 ( "Lessee "). <br />Lessee desires to lease a portion of the owner's property for the location of a yet to be <br />constructed telecommunications tower, and space for the location of associated equipment, as <br />well as rights of way for ingress and egress of utilities thereto. <br />Owner desires that Lessee construct the telecommunications tower, Upon completion of <br />construction, Lessee will relinquish ownership of the telecommunications tower as partial <br />consideration for owner's duties and obligations in the Lease. <br />In consideration of the terms and conditions of this Agreement, the parties agree as follows: <br />Leased Premises. Owner hereby leases to Lessee a portion of the property located at 2660 <br />Civic Center Drive, Roseville, Minnesota 55113, and legally described on Exhibit A. The tower <br />and the City's land shall be referred to as "Owner's Property" or `the property ". The property <br />interest leased and granted by the Owner are the following: <br />a) Ground space comprised of approximately 2,500 (5o x 50) usable square feet, exact <br />amount to be fixed by parties and described on Exhibit A. <br />b) Structure exterior space for attachment of antennas. <br />c) Space required for cable runs to connect equipment and antennas. <br />d) Non - exclusive easements rewired to run utility lines and cables. <br />e) Non - exclusive easement across Owner's property for access. <br />No other space or property interests are being leased to the Lessee except as described as above <br />and as described on Exhibit A. <br />2. Tenn/Renewals. <br />a) The term of this lease shall be five years, commencing on September 15, 2003 (the <br />"'Commencement Date ") and ending September 15, 008; <br />b) Lessee shall have the right to extend this lease for four (4) additional five -year renewal <br />terms subject to (c) below; <br />c) This Lease shall automatically be renewed for each successive renewal term unless; (1) <br />Lessee notifies the Owner of its intention not to renew the Lease at least ninety (90) days <br />prior to the end of any initial or renewal term; or (2) Lessee is in default of any of the <br />terms or conditions of the Lease. <br />
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