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HomeMy WebLinkAbout09-037 DATE SUBMITTED: February 5, 2009 BlLL# 61-037 AGENDA BILL CITY OF BREMERTON CITY COUNCIL ........................................................................................ SUBJECT: Communications Tower Lease G-o l cJ. VV\ 0 V V\~ (\ ~ '), Committee Meeting Date: February 11,2009 COUNCIL MEETING Date: February 18,2009 Department: Pub Wks & Utilities Presenter: Paul Lucas 67;?d~ "-- Phone: 473-2328 SUMMARY: The current lease on the City's Gold Mountain site with Pinnacle Motorola expires in Aprilof2012. The site manager, Crown Castle would like to renew the lease now. Reason for this is to align all of their leases with the City to commence and expire at the same time. The current manager of the site, Crown Castle for Pinnacle Towers LLC, has submitted a new lease for a five year period with options for five additional five year periods. Annual CPI is included in the lease. The lease up for approval will pay the City $3100.38 per month. Current payment is $2816.47 per month. ATTACHMENTS: Proposed Lease FISCAL IMPACTS (Include Budgeted Amount): Increase in annual revenues of $3406.92. COMMITTEE CHAIR COUNCIL PRESIDENT: ....',... 'l:;.' APPROV ALS: DEP AR TMENT DIRECTOR. CITY ATTORNEY: FINANCE DIRECTOR: MA YOR: CONSENT AGENDA ~ GENERAL BUSINESS D PUBLIC HEARING D RECOMMENDED MOTION: That the City Council approve the proposed lease with Pinnacle Towers LLC and authorize the Mayor to finalize and execute the agreement with substantially the same terms and conditions as presented. COUNCIL ACTION: ~Approve D Deny D Table D Continue D No Action