REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Travis Hopkins, Acting City Manager
VIA: Jennifer Villasenor, Director of Community Development
PREPARED BY: Bill Krill, Real Estate and Project Manager
Subject:
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Approve and authorize the execution of a Site License Agreement with Verizon for an Existing Cell Site at Talbert Park.
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Statement of Issue:
The City Council is asked to approve and authorize execution an updated Site License Agreement between the City of Huntington Beach and Los Angeles SMSA, doing business as Verizon, for the continued operation of an existing cell site at Talbert Park.
The previous License Agreement for the cellular site at 19242 Magnolia has expired. The prior agreement was a three-party agreement between the City, Verizon, and Southern California Edison (SCE). The proposed agreement, reviewed and approved by the City Attorney's Office, will allow the City to continue collecting the license fees while removing SCE as a party to the Agreement.
Financial Impact:
The proposed agreement will increase the monthly license fee from $1,471.36 to $3,500 representing a 138% revenue increase. Additionally, the City will receive a one-time payment of $20,000 upon execution. All revenue will be deposited into General Fund Account No. 10000100.45110. The estimated lifetime value of the agreement, including escalations and extensions is approximately $1,769,125.
Recommended Action:
recommendation
Approve and authorize the Mayor and City Clerk to execute the "Site License Agreement for Installation and Use of a Communications Antenna Facility and Supporting Equipment between the City of Huntington Beach and Los Angeles SMSA Limited Partnership, DBA Verizon."
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Alternative Action(s):
Do not approve the recommended action and direct staff accordingly.
Analysis:
The City of Huntington Beach owns the property at 19242 Magnolia Street (APN 153-432-32), known as Tal...
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