CONSENT AGENDA - Joe Huss, Finance Director
Title
APPROVE RENEWAL OF LEASE AGREEMENT WITH AT&T ON WATER TOWER AT 1100 PAUL PARKWAY, NE
Background
The attached agreement is an amended agreement for AT&T to lease space for wireless communication equipment on the Water Tower located at 1100 Paul Parkway, NE. As the lease was nearing expiration, AT&T initiated the request and proposed revised terms that are mutually beneficial to both parties. Except as expressly stated in the attached Third Amendment and Memorandum, the original standard lease agreement remains in place. The lease being amended is scheduled to expire at the end of 2020. The amended lease follows standard water tower lease agreements and is essentially a 25-year lease (original 5-year term with four 5-year automatic renewals). The new lease would extend expire in 2045. The annual initial lease amount is $20,000 per year with a 2% annual escalator beginning in 2034 through the term of the agreement. Council’s approval of the agreement is recommended.
Recommendation
By motion, approve Resolution.
Body
WHEREAS, AT&T desires to maintain a communications facility on a City of Blaine water tower as described in the agreement; and
WHEREAS, AT&T will enter into an Agreement with the City of Blaine to utilize a Blaine water tower, and
WHEREAS, the Agreement has been reviewed by staff and the City Attorney and is recommended for approval by the Blaine City Council.
NOW, THEREFORE, BE IT RESOLVED, by the Blaine City Council that the Mayor and City Manager are hereby authorized and directed to enter into a lease agreement with AT&T pertaining to the use of the Blaine water tower site at 1100 Paul Parkway NE.
PASSED by the City Council of the City of Blaine this 17th day of January, 2019.