Broken Arrow City Council
Meeting of: 08-19-2025
Title:
title
Approval of and authorization to execute a First Amendment for a 5 year extension on a Lease Agreement at Central Park with T-Mobile USA Tower LLC
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Background:
Commencing on December 31, 2031, T-Mobile USA Tower LLC to utilize the cellular tower located at Central Park for an additional 5 years. Whereas the agreement currently in place is set to expire on December 31, 2031. Rent will be $1,800 per month and increase 15% immediately preceding each term. The lessor has the option to renew it for six additional five-year terms that would expire on December 31, 2061. The lessee will pay a one-time signing bonus of $20,000 within 60 days of the full execution of this amendment
Cost: $0
Funding Source: None required
Requested By: Scott Carr, Director of Information Technology
Approved By: City Manager’s Office
Attachments: T-Mobile Central Park, T-Mobile Central Park 1st Amend, T-Mobile Central Park 1st Amend Memo
Recommendation:
recommend
Approve of and authorize the execution of the First Amendment for a five-year extension on Lease Agreement at Central Park with T-Mobile USA Tower LLC
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