Broken Arrow City Council
Meeting of: 11-09-2015
To: Mayor and City Council
From: Office of the City Manager
Title:
title
Approval of and authorization to execute a Second Amendment to the Site Lease Agreement between the City of Broken Arrow and Crown Castle for AT&T Wireless
End
Background:
City Staff received notice from Crown Castle on behalf of AT&T of their request to amend the terms of their use/lease agreement for a tower located at the City of Broken Arrow Maintenance Facility at 1700 W Detroit Street. The current terms of this lease are for approximately 2500 square feet of ground space at a monthly rate of $400.00. This lease provides for a 5-year term with three 5-year renewal options that include a 15% increase in rent each renewal term.
The amendment allows for early renewal to the current lease and increases the monthly lease payment to $1,700.00 per month. The amendment provides an option of seven additional five-year renewals that include a 15% increase in rent each renewal term. Staff recommends that the Council approve the Second Amendment to Site Lease Agreement and authorize its execution.
Cost: $0
Prepared By: Jannette McCormick, Interim Human Resources Director
Reviewed By: General Services Department
Finance Department
Legal Department
Assistant City Manager
Approved By: Michael L. Spurgeon, City Manager
Attachments: Second Amendment to Site Use/Lease Agreement
Memorandum of Amended Site Use/Lease Agreement
Recommendation:
Approve the Second Amendment to Site Use/Lease Agreement and authorize its execution.