Common Contracts
1 similar Ground Lease Agreement contracts
TO: The Honorable Mayor and the City Council FROM: Ty Livingston, Director of Planning & Community Development DATE: March 30, 2022 SUBJECT: Cabinet Ground Lease Agreement with ETSB BACKGROUND:Ground Lease Agreement • April 1st, 2022 • Illinois
The ETSB has approached the City regarding a ground lease agreement with the City in order to install new radio equipment on an existing tower at EastSide Centre. While the City does not own the tower, we do own the property at the base. As such a lease agreement for this property is needed. As I understand it, the new equipment is to the City’s benefit to improve emergency communications for both our Police and Fire Departments. As such, the proposal here is to offer them the most favorable lease terms possible. The area for equipment will be within the existing compound and no changes will be visible on the ground.
