Title
Airport Antenna Lease Extension
Action
Action:
A. Authorize the City Manager to approve a lease amendment with Cellco Partnership dba Verizon Wireless for an additional five-year term for telecommunications equipment on the Airport’s rotating beacon tower, and
B. Authorize the City Manager to extend the lease for two additional, five-year terms and to amend the lease consistent with the purpose for which the lease was approved.
Body
Staff Resource(s):
Haley Gentry, Aviation
Ted Kaplan, Aviation
Explanation
§ In 1999, the Airport constructed a rotating beacon tower for airfield operations, which also accommodates telecommunication antenna systems.
§ On January 25, 2010, City Council approved an agreement with Verizon Wireless to lease adjacent land and attach antennas and related equipment to the beacon tower for five years.
§ City Council has since approved two, five-year lease extensions dated October 27, 2014, and December 9, 2019.
§ Terms of the lease include:
- Annual lease of $65,434.63, and
- Annual lease increase of three percent per year.
Fiscal Note
Funding: Revenues from this lease will be deposited into the Aviation Operating Budget