CCP 06202022 - Laserfiche WebLink

Home

CITY OF ROSEVILLE, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2021 G.Leases 1.Operating Leases The City leases copiers and a postage machine under non-cancelable operating leases. Total costs for such leases were $28,544for the year ended December 31, 2021. The future minimum lease payments for these leases are as follows: Year Ending Dec. 31 Amount 2022$28,488 202312,152 20243,984 Total$44,624 2.Antenna Leases The City received revenue from agreements for the lease of space for antennas placed on City owned property. Terms of each lease are as follows: 2021 Lease Annual Lease Adjustment Expiration Renewal LocationLesseeAmountFactorDate Options 1901 Alta Vista AT&T$33,610 3% Increase on Aug 1 08/31/265 year terms 1901 Alta Vista Clearwire15,0391% Increase Apr 1 & 2% May 104/30/255 year terms 1901 Alta Vista Sprint49,2944% Increase Jan 12/31/225 year terms 1901 Alta Vista T-Mobile25,7194% Increase Jan 12/31/27 10 year terms 1901 Alta Vista Verizon 33,7692.5% Increase on Jun 105/31/235 year terms 2501 Fairview (Lattice Tower)Clearwire26,0971% Increase Apr 1 & 2% May 1 04/30/265 year terms 2501 Fairview (Lattice Tower)Sprint14,4824% Increase Jan 1 12/31/265 year terms 2501 Fairview (Lattice Tower)T-Mobile34,8333% Increase Jan 1 12/31/235 year terms 2501 Fairview (Water Tower)AT&T38,0923% Increase on Aug 107/31/265 year terms 2501 Fairview (Water Tower)Verizon 40,7393% Increase on Jan 108/31/255 year terms 2660 Civic Center Dr (South Tower)Sprint42,6393% Increase on Sep 109/15/235 year terms 2660 Civic Center Dr (South Tower)T-Mobile34,5783% Increase on Sep 109/14/245 year terms 2660 Civic Center Dr (South Tower)Verizon 35,6573% Increase on Sep 108/31/245 year terms 2660 Civic Center Dr (North Tower)AT&T35,6663% Increase on Sep 112/31/245 year terms 59