ITEM 4DITEM 4D
Approve four Ground and Water Tower Lease agreements with T-Mobile for cellular equipment at the Dove, Miron, Florence and Bicentennial Park water towers
Southlake Elevated Storage Tank (EST) Location Map
Dove EST
Florence EST
Bicentennial Park EST
Miron EST
Background Information
Current revenue per year = $ 64,500
Background Information Cont’d.
Proposed revenue per year = $ 111,060
Additional General Fund annual revenue of $ 46,560
Bicentennial EST Antenna Elevations
Bicentennial Park T-Mobile Relocation
Relocation required due to park renovations
Termination notice for ball field light lease provided by City on December 15, 2008
Staff proposes annual rent for this site
remain at current amount of $20,700/yr due to inconvenience to T-Mobile and cell site down time
Deltatek Engineering
plan review and site inspection
Recommendation
Approve four Ground and Water Tower Lease agreements with T-Mobile for cellular equipment at the Dove, Miron, Florence and Bicentennial Park water towers
Questions?
Lease Comparison
Original Lease
5 Year Lease term
4 renewals available
15% rental rate increase with renewal
New Lease
5 Year Lease term
4 renewals available
3% rental rate increase each year
City’s new insurance requirements