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Approval of a Pre-Paid Long Term Extension of Existing Lease Agreements with Crown Castle for Cell Sites
It is recommended that the City Council take the following actions:
1) Approve the proposal from Crown Castle to enter into 31-year lease amendments/extensions on five cell tower sites and a 31-year term top license (or easement) on the 1400 E. Mission Blvd. cell tower site. Approval will result in:
a. A one-time payment to the City of $3,131,140 in prepaid rent (plus $23,463 in future rent on the Mission Blvd. site);
b. An option for Crown Castle to add up to 500 square feet of land area at each of the six sites and will provide the City 50% of the revenue received from any new subtenant who installs cell site facilities within any added land area; and
2) Authorize the City Manager, or her designee, to execute lease amendments and top license agreement on behalf of the City, subject to review by the City Attorney.