AGENDA ITEM REPORT
TITLE:
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AN ORDINANCE AUTHORIZING THE MAYOR, OR DESIGNEE, TO EXECUTE THE SECOND AMENDMENT TO THE LEASE AGREEMENT WITH CELLCO PARTNERSHIP D/B/A VERIZON WIRELESS TO CLARIFY AND MODIFY THE UTILITY EASEMENT TO THE CITY'S TELECOMMUNICATIONS TOWER AT SABAL PINES PARK. (FIRST READING)
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BACKGROUND:
The City owns the telecommunications tower ("Tower") within the City's Sabal Pines Park, located at 5005 NW 39 Avenue, Coconut Creek, FL 33073, and leases space to several tenants via lease agreements.
Since January 25, 2018, the City and Verizon Wireless Personal Communications, LP d/b/a Verizon Wireless, the predecessor-in-interest to Cellco Partnership d/b/a Verizon Wireless (hereinafter "Verizon"), have had a valid lease agreement ("Lease Agreement"), through Ordinance No. 2017-055, to lease space on the Tower, together with a portion of the City's land adjacent to the Tower, to construct, maintain, and operate a communications facility.
On January 12, 2023, the City approved Ordinance No. 2022-029, authorizing the Mayor to execute the First Amendment to the Lease Agreement, which permitted Verizon to install additional equipment at the site, increase the number of antennas on the Tower, and clarify the terms of the agreement.
DISCUSSION:
The City and Verizon seek to amend the Lease Agreement to clarify and revise the legal description of the utility easement serving the Tower. The proposed amendment does not modify the equipment installed on the Tower or the Tower's loading factor. Accordingly, the amendment will have no impact on the rental amount payable under the Lease Agreement. The City is committed to increasing the effectiveness of its communication equipment and maintaining a revenue source.
RECOMMENDATION:
Staff recommends approval of this ordinance.
FISCAL IMPACT:
REVENUES: $0
EXPENDITURES: $0
BUDGETED? N/A
NOTES: N/A