TO:
Honorable Mayor and Members of the City Council
THROUGH:
Bruce Moe, City Manager
FROM:
Steve S. Charelian, Interim Finance Director
Cynthia F. Mickschl, Acting Revenue Manager
SUBJECT:Title
Resolution No. 18-0061 Authorizing the City Manager to Execute a Lease with New Cingular Wireless PCS, LLC (AT&T) (Interim Finance Director Charelian).
ADOPT RESOLUTION NO. 18-0061
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Recommended Action
RECOMMENDATION:
Adopt Resolution No. 18-0061 authorizing the City Manager to execute a lease with New Cingular Wireless PCS, LLC (AT&T) (owned by AT&T Mobility II, LLC) for use of the property and air space located on the rooftop of 1400 Highland Avenue, Manhattan Beach (Cell Site Number: LAC476).
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FISCAL IMPLICATIONS:
New Cingular Wireless PCS, LLC, provides the City with rent revenue of approximately $58,000 per year for the 160/ft2 of rooftop space located above Manhattan Beach City Hall at 1400 Highland Avenue, which they utilize as a communication facility. The proposed lease includes a 5% annual rent increase, occurring each anniversary of the effective date of the lease.
BACKGROUND:
The lease began April 1, 1994 and expired on March 30, 2014, after the initial term and extensions. Since that time, the Lessee has been in a "holdover term" continuing to pay rent for a month-to-month tenancy.
The new lease agreement has an initial term of 5 years with four 5-year extensions (for a total of 20 years) and its terms are substantially the same as the prior lease. The Lease may be terminated by either party if the party provides notice of termination no less than twelve months prior to the expiration date of any single term.
DISCUSSION:
Staff reviewed the attached lease and provided feedback to the City Attorney's Office who negotiated with the legal team from New Cingular Wireless PCS, LLC.
The use of the rooftop space at the Manhattan Beach City Hall building provides the Lessee with an are...
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