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Council Member Reinert introduced the following resolution and moved its <br />adoption: <br />CITY OF LINO LAKES, MINNESOTA <br />RESOLUTION NO. 07 -153 <br />APPROVING AMENDMENT TO SITE LEASE <br />AGREEMENT, WATER TOWER #1 — NEXTEL COMMUNICATIONS <br />WHEREAS, Sprint and Nextel Communications have recently merged; and <br />WHEREAS, All existing lease agreements are being reevaluated; and <br />WHEREAS, The City of Lino Lakes has lease agreements with both Sprint and <br />Nextel Communications at each of the water towers; and <br />WHEREAS, AMENDMENT NO. 2 adjusts the annual rent of the current Nextel <br />Lease Agreement (at Water Tower #1) to $19,546.79 per year. In addition, rent <br />will be increased 15% at the beginning of every renewal term; and <br />WHEREAS, AMENDMENT NO. 2 also provides for renewal of up to 5 additional <br />terms after the Current Lease Agreement expires (December 31, 2011). <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lino <br />Lakes, Minnesota, that the Mayor and Clerk are hereby authorized to execute, on <br />behalf of the City, AMENDMENT NO. 2 with Nextel Communications. <br />Passed by the Lino Lakes City Council this 24th day of September, 2007. <br />ATTEST: <br />ne Bartell, Cit CI <br />T.- motion for .doption of the foregoing resolution was duly seconded by <br />Council Member Stoltz and upon a vote being taken thereon, the following voted <br />in favor thereof: Reinert, Stoltz,: Carlson, O'Donnell, Bergeson <br />The following voted against same: none <br />Whereupon said resolution was declared duly passed and adopted. <br />JohKJ. Be ~: eso , Mayor <br />