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P.H. 2017-32: (PUBLIC HEARING 2ND READING)
AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE A SECOND AMENDMENT TO LEASE AGREEMENT BETWEEN THE CITY OF POMPANO BEACH AND NEW CINGULAR WIRELESS PCS, LLC, SUCCESSOR-IN-INTEREST TO BELLSOUTH MOBILITY INC., RELATING TO THE LEASE OF CERTAIN PROPERTY AND THE USE OF THE COMMUNICATION TOWER AT THE POMPANO BEACH PUBLIC SAFETY COMPLEX; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE
(Fiscal Impact: $29,592 per year revenue)
FIRST READING: FEBRUARY 28, 2017
staffcontact
(Staff Contact: Gene R. Zamoski)
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Summary Explanation/Background:
New Cingular Wireless is a tenant that leases space on our communications tower located at 100 SW 3rd street, Pompano Beach. Ordinance 1994-26 is set to expire on May 16, 2019. They wish to amend the original agreement, to add an additional 5-year term starting on May 16, 2019. The new rent they will pay to the City of Pompano Beach will be $29,592 per year. Currently they pay $26,235 per year. After this 5-year term ends, they will have the option to do another 5-year term at a 12.5% rent increase.
Origin of request for this action: Staff
Fiscal impact and source of funding: $29,592 per year revenue