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REQUEST FOR COUNCIL ACTION <br />Date: 5/24/2004 <br />Item No: 3 . j <br />Department ApprovaL• Manager Approved: Agenda Section: <br />��� � �+� �'�o�re�rrc <br />Item Description: Consider Approving a Lease Agreement with Verizon Wireless for Leasing <br />Space on the City Hall Campus Monopole <br />Bacl�ground <br />Over the past several months, City Staff has been in discussions with Verizon Wireless which <br />intends to locate their wireless antenna on the City Hall Campus Monopole. The discussions are <br />now complete and are encompassed in the attached Lease Agreement. The Agreement is <br />submitted for Council review and approval. <br />City Staff have also reviewed and approved the site plan for the equipment that will be located at <br />the base of the pole. The equipment will be fully enclosed and screened from public view within <br />the City's Public Works Building yard area. <br />Discussion Items <br />The lease agreement is consistent with prior lease agreements and reflects current market <br />conditions. The lease calls for the following: <br />❑ Five year initial term, commencing July 1,2004, and ending July 1,2009. <br />❑ Verizon Wireless has the right to renew the lease for four (4) additional five-year terms <br />subject to terms of the original lease. <br />❑ Verizon Wireless shall pay the City annual rent of $22,000 per year, with automatic <br />increases of 3% per annum. �� <br />Verizon Wireless' antenna equipment will be placed near the top of the monopole at <br />approximately 140'. <br />Attachments <br />a) Amendment A— Lease Agreement with Verizon Wireless <br />Council Action Requested <br />Motion to approve the Lease Agreement with Verizon Wireless, for leasing space at the City <br />Hall Campus Monopole. <br />