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Cell Antenna at Madison Park <br />February 20, 2007 <br />Page 2 <br />(ATS Communications) will receive 20 percent ($5,760) of the annual <br />revenue for their assistance in negotiating the agreement and performing <br />contract administration. The term of the lease agreement is for 10 years, <br />with three 5-year extension options. The agreement also calls for a four <br />percent increase per year for the term of the lease. <br />The Board of Recreation and Parks is recommending approval of the <br />collocation at Madison Park provided all the revenue from the lease is <br />used for deferred maintenance improvements at Madison Park. <br />FISCAL IMPACT <br />The appropriation adjustment <br />Miscellaneous Recoveries revenue <br />Capital Outlay Park Improvements <br />6631) by $23,040. <br />will enhance the Capital Outlay <br />account (account no. 51-01-5799) and the <br />expenditure account (account no. 51-250- <br />!I-.p Ltit <br />Gerardo Mouet <br />Executive Dir ctor <br />Parks, Recreation and <br />Community Services Agency <br />Approved as to Funds and Account: <br />~l~mA~~ ~.~~1 ~~^ <br />Francisco Gutierrez, A~/ <br />Executive Director /~ <br />Finance and Management Services <br />Agency <br />25F-2 <br />