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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