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Cellular Antenna at Jerome Park <br />February 20, 2007 <br />Page 2 <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 Jerome Park provided all the revenue from the lease is <br />used for deferred maintenance improvements at Jerome 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 />Gerardo Mouet, <br />Executive Dire for <br />Parks, Recreation and <br />Community Services Agency <br />Approved as to Funds and Account: <br />Francisco Gutierrez, <br />Executive Director <br />Finance and Management Services <br />Agency <br />25E-2 <br />