Laserfiche WebLink
Lease Agreement Amendments with TowerCo <br /> December 7, 2009 <br /> Page 2 <br /> approved a similar site license agreement for the installation of <br /> cellular equipment at Rosita Park. The City receives $2,319 per month <br /> for the lease of this space. <br /> On September 23, 2008, Sprint assigned tower rights to TowerCo Assets <br /> LLC. TowerCo is proposing to amend these three site license agreements to <br /> allow Clear Wire LLC (Clearwire) to sublease space at these sites. <br /> Clearwire will be using the existing equipment buildings and towers to <br /> install dish antennas and will not be occupying any additional park <br /> property. <br /> TowerCo has agreed to pay an additional $300 per month for each sublease, <br /> or $10,800 annually. The Clearwire sublease fee will increase by 3% <br /> annually, consistent with the base TowerCo site license agreement. The <br /> sublease fee shall terminate on the date the Clearwire sublease <br /> terminates or expires and the rent thereafter shall be reduced by an <br /> amount equal to the sublease fee. <br /> FISCAL IMPACT <br /> This appropriation adjustment will recognize $10,800 in the Capital <br /> Outlay Fund revenue account (no. 05102002-57010) and appropriate same to <br /> the Capital Outlay expenditure account (no. 05113263-66220. <br /> APPROVED AS TO FUNDS AND ACCOUNT: <br /> 7/~- <br /> <br /> Gerardo Mouet, Francisco Gutierrez, <br /> Executive Director Executive Director <br /> Parks, Rec. and Com. Svcs. Finance and Mgt. Svcs. Agency <br /> 25D-2 <br /> <br />