File #: 19-1212    Version: 1 Name: Award of Lease Agreement
Type: Consent Calendar Status: Agenda Ready
File created: 3/5/2019 In control: City Council / Housing Authority / Successor Agency to the Redevelopment Agency
On agenda: 5/6/2019 Final action:
Title: 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.
Attachments: 1. Staff Report.pdf, 2. Attachment No. 1 - Crown Castle Amend and Top License.pdf

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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.