Broken Arrow City Council
Meeting of: 07-07-2015
To: Mayor and City Council
From: Office of the City Manager
Title:
title
Approval of and authorization to execute a Termination and Equipment Transfer Agreement between the City of Broken Arrow and Cricket Communications, Inc., on property located at 550 North Pecan Street
End
Background:
Cricket Communications entered into a cellular lease agreement for ground space located at 550 N Pecan Street on February 05, 2001. Cricket Communications, Inc. has notified the city of their intent to decommission this site and terminate their lease effective February 4, 2016.
As part of this agreement Cricket Communications, Inc. wishes to modify their responsibility for removal of certain equipment from the site under the lease. As consideration for this modification, Cricket Communications, Inc. will pay the city $4,000.00. At the termination of the existing lease this equipment will become property of the City of Broken Arrow.
Cost: $0
Prepared By: Jannette McCormick, Acting Human Resources Director
Reviewed By: Finance Department
Legal Department
Assistant City Manager
Approved By: Russell M. Gale, Acting City Manager
Attachments: Site Use/Lease Agreement
Site Drawings
Recommendation:
Approve the Termination and Equipment Transfer Agreement and authorize its execution.