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CITY OF LINO LAKES <br />RESOLUTION NO. 25-111 <br />RESOLUTION APPROVING FIRST AMENDMENT TO <br />VERIZON WIRELESS LEASE AGREEMENT FOR WATER TOWER #1. <br />WHEREAS, the original lease agreement with Verizon (formerly AirTouch Cellular) <br />began in May, 2008, and expired in December, 2019, and <br />WHEREAS, a new lease agreement was approved by the City Council on September 24, <br />2018 via Resolution 18-126, and <br />WHEREAS, the First Amendment Lease Agreement reflects a new lease rate of <br />$3,430.72 per month commencing on January, 1, 2026. Beginning on January 1, 2027 the <br />monthly rent will increase by 2% over the monthly rent then in effect on each one-year <br />anniversary of January 1, 2027 thereafter, and <br />WHEREAS, in addition, the First Amendment Agreement includes a clause for the Right <br />of First Refusal. All the other terms and conditions of the 2019 Agreement will remain in full <br />force and effect. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of Lino Lakes, Minnesota that the <br />Mayor and City Clerk are hereby authorized to execute such agreement on behalf of the City. <br />Adopted by the Lino Lakes City Council this 25th day of August, 2025. <br />Rob Rafferty, Mayor <br />ATTEST: <br />Roberta Colotti, City Clerk <br />