Title
A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO AN AMENDMENT TO A WATER TOWER LEASE AGREEMENT WITH T-MOBILE CENTRAL, LLC.
Brief Description: The City of Hudson currently has an active water tower lease agreement with T-Mobile Central, LLC for the attachment of communication antennas and associated equipment on the Milford Water Tower located at 85 Milford Road, Hudson, Ohio. This lease commenced on April 3, 2002. Staff is asking to amend and renew the current lease agreement for a five (5) year term with up to three (3) separate consecutive additional periods of five (5) years.
Body
Legislative History
Resolution No. 02-62, Authorizing the City Manager to enter into a Water Tower Lease Agreement with Voicestream Columbus, Inc., passed April 3, 2002.
Purpose & Explanation
The City of Hudson currently maintains an agreement with T-Mobile Central, LLC (formerly Voicestream) for the attachment of cellular communications equipment on the exterior Milford water tower tank located at 85 Milford Road, Hudson.
The current lease agreement term will end on April 30, 2022. The amended lease has been agreed upon by both parties and shall be effective on May 1, 2022. The amended annual lease amount will be $27,500.00 (current agreement - $24,638.18 annually). The lease agreement will be for a five (5) year term including up to three (3) separate consecutive additional periods of five (5) years. Commencing on May 1, 2023, and each year thereafter, the annual Rent will increase by two and one-half percent (2.5%) over the rent paid for the preceding year.
Legal Authority for Proposed Legislation
Pursuant to Charter Section 6.04, Contracts & Purchasing:
Competitively bid and advertised for two consecutive weeks; bid tab attached: [Yes/No/NA])
Joint or Cooperative Purchase Program
Professional Services
X Other - City Lease Agreement
Fiscal Impact
Currently Budgeted (Account #, $)
Supplemental Appropriation Required (Account #, $)
X ...
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