Common Contracts
1 similar null contracts
From: Jina B. Propst, Assistant Director, General Services Department Subject: Cell Tower Lease and License Agreement with SprintCom, Inc.August 6th, 2015
SprintCom, Inc. (Sprint) proposes to enter into a new ten-year lease to attach cellular antenna to the City-owned water tower located at 1318 E. Pettigrew Street for the continued operation of its cellular service. Cellular providers are encouraged to co-locate and to locate antennas on existing structures and water tanks in order to reduce the number of freestanding cellular towers. Sprint’s current lease expired on June 28, 2015. General Services Department staff negotiated a new ten-year lease beginning June 28, 2015 and ending June 27, 2025 in which Sprint will pay an initial annual rate of $38,122.00, which corresponds to the rental fee the City is receiving from its other cellular carrier leases. The rental rate will increase 3% annually for the remainder of the term. (See Financial Impact).
