Broken Arrow City Council
Meeting of: 10-06-2015
To: Mayor and City Council
From: Office of the City Manager
Title:
title
Approval of and Authorization to Execute a Site Use/Lease Agreement Between the City of Broken Arrow and CELLCO Partnership D/B/A Verizon Wireless
End
Background:
CELLCO Partnership D/B/A Verizon Wireless has made a request to enter into a use/lease agreement for tower space located on the city of Broken Arrow water tower located at 3093 North Elm Place.
The terms of this lease are for approximately 480 square feet of ground space and tower space at a monthly rate of $2,500.00. This lease is a 5 year lease with three 5 year renewal options that include a 15% increase in rent per each renewal term.
Cost:
Prepared By: Russell M. Gale, Human Resources Director
Reviewed By: Human Resources Department
Utility Department
Finance Department
Legal Department
Approved By: Michael L. Spurgeon, City Manager
Attachments: First Amendment to Site Use/Lease Agreement
Memorandum of Amended Site Use/Lease Agreement
Recommendation:
Approve and Authorize Execution of the Amendments