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HomeMy WebLinkAbout10/06/2010 5F t DATE SUBMITTED: September 15, 2010 AGENDA BILL CITY OF BREMERTON CITY COUNCIL SUBJECT: Commercial Broadcast Facility Committee Meeting Date: September 22, 2010 Lease Agreement with Seattle Streaming COUNCIL MEETING Date: October 6, 2010 Radio, LLC — KBRO Department: Public Works & Util. Presenter: Bill McKinney Phone: 473 -5354 SUMMARY: Seattle Streaming Radio, LLC (SSR) previously had a lease agreement for operating the KBRO radio station tower at Forest Ridge Park. This agreement expired June 30 of this year. SSR has requested renewing the agreement for operation of the radio tower site. The new agreement is proposed to have a term of ten (10 years) and a monthly rental of $750.00 /month, with provisions for annual CPI adjustment, and at the City's discretion, rental adjustment on the fifth annual anniversary date of lease commencement, based on fair market value. The Forest Ridge site is owned by Bremerton Parks & Recreation, and receives the revenue from this lease. ATTACHMENTS: 1) Council Summary; 2) Commercial Broadcast Facility Lease Agreement FISCAL IWACTS (Include Budgeted Amount): Revenue of $9000( +) annually to Parks & Recreation. APPROVALS: DEPARTMENT DIRECTOR: "+- CITY ATTORNEY: FINANCE DIRECTOR: MAYOR: i COMMITTEE CHAIR DI1 COUNCIL PRESIDEN CONSENT AGENDA [ GENERAL BUSINESS ❑ PUBLIC HEARING ❑ RECOMMENDED MOTION: Move to approve the Commercial Broadcast Facility Lease Agreement with Seattle Streaming Radio, LLC and authorize the Mayor to finalize and execute the agreement with substantially the same terms and conditions as presented. COUNCIL ACTION: Approve ❑ Deny ❑ Table ❑ Continue ❑ No Action