REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Eric G. Parra, Interim City Manager
VIA: Jennifer Villasenor, Director of Community Development
PREPARED BY: Bill Krill, Real Estate and Project Manager
Subject:
title
Approve and authorize execution of Amendment No. 2 to Schedule No. 2, and the Associated Lease Memorandum for Leased Property at Bushard Fire Station Between the City of Huntington Beach and T-Mobile West Tower LLC, for a Wireless Communications Facility
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Statement of Issue:
The City Council is requested to approve Amendment No. 2 to Schedule No. 2 of Leased Property for Bushard Fire Station between the City of Huntington Beach and T-Mobile West Tower LLC which will extend the existing lease term for an additional ten years and increase the monthly rental rate.
Financial Impact:
Under this Amendment, monthly rent will increase from $2,816.79 to $3,100.00 upon execution. This represents a 10% increase in monthly rent for this site. Monthly rent will escalate annually at a rate of 3.5%. Additionally, the City will be paid a $20,000 signing bonus upon complete execution of the Amendment and the Lease Memorandum. All funds will be deposited into General Fund Account No. 10000100.45100.
Recommended Action:
recommendation
A) Approve and authorize the Mayor and City Clerk to execute "Amenment No. 2 to Schedule No. 2 of Leased Property" between the City of Huntington Beach and T-Mobile West Tower LLC; and
B) Approve and authorize the Mayor and City Clerk to execute the "Memorandum of Amendment No. 2 to Schedule No. 2 of Leased Property" between the City of Huntington Beach and T-Mobile West Tower LLC
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Alternative Action(s):
Do not approve, and advise staff accordingly.
Analysis:
In April 1996, the City and Pacific Bell Mobile Services entered into a Master Communication Site Lease Agreement. This Agreement allowed Pacific Bell to install cellular communication towers on ...
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