4 - SAFA - TMOBILE LEASE AGMT - Laserfiche WebLink

Home Browse Search

REQUEST FOR JOINT ACTION COUNCIL & SANTA ANA FINANCING AUTHORITY JOINT MEETING DATE: AUGUST 24, 2011 TITLE: LEASE AGREEMENT WITH T-MOBILE FOR INSTALLATION OF TELECOMMUNICATIONS SITE AT CORPORATE YARD 6L ( X L--? L -?- CITY MANAGER RECOMMENDED ACTION Santa Ana Financinq Authority: CLERK OF COUNCIL USE ONLY: APPROVED ? As Recommended ? As Amended ? Ordinance on 1St Reading ? Ordinance on 2nd Reading ? Implementing Resolution ? Set Public Hearing For CONTINUED TO FILE NUMBER Authorize the Executive Director to execute the attached Certification with consent to sublease. City Council: 1. Authorize the City Manager and the Clerk of the Council to execute the attached lease agreement with T-Mobile for a telecommunications cell site at the City's Corporate Yard, subject to non-substantive changes approved by the City Manager and City Attorney. 2. Receive and file Categorical Exemption for Environmental Review No. 2009-132 (City Yard). DISCUSSION In 2008 T-Mobile sought to lease a small portion of the City's Corporate Yard to construct and maintain a cell monopine site. The City Yard site is the collateral for a lease and lease-back arrangement between the City and the Santa Ana Financing Authority related to the 1998 Certificates of Participation for the City Hall Expansion Project. In order for the City to approve a lease with T-Mobile, it is required to obtain consent of Assured Guaranty, the Municipal Bond Insurer for the 1998 Project. This consent is contingent on the finding that such sublease will not adversely affect the underlying property value of the City Yard. The sublease also requires an opinion letter from our bond counsel stating that the sublease will not cause the interest components of the Lease Payments to become subject to taxation. The City obtained the required consent and opinion in May 2011. The City now requires consent from the Finance Authority for the sublease of a portion of the property for the T-Mobile cell site project. City approval of a lease agreement will allow T-Mobile to construct and maintain a telecommunications site at the City's Corporate Yard facility. T-Mobile will install a Canary Island pine camouflaged `monopine' tower structure using the City's detailed specifications to improve telecommunication tower aesthetics and blend with adjacent natural pines. The portion leased is approximately twenty-three foot (23') by twenty-eight foot (28') space on the ground containing six hundred forty-four (644) square feet for radio equipment cabinets, and space required for cable runs to connect equipment. 4- 01