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&TAFF ORIGINATOR: <br />DATE: <br />TOPIC: <br />AGENDA ITEM NO. 1K <br />Rick DeGardner, Public Services Director <br />September 24, 2007 <br />Consideration of Resolution 07 -153, Amendment to Site Lease <br />Agreement, Water Tower #1 — Nextel Communications <br />VOTE REQUIRED: Simple Majority <br />BACKGROUND: <br />As you may be aware Sprint and Nextel have recently merged. Consequently, all existing lease <br />agreements are being reevaluated. The city of Lino Lakes has lease agreements with both Sprint <br />and Nextel at each of the water towers. <br />AMENDMENT NO. 2 adjusts the annual rent of the current Nextel Lease Agreement (at Water Tower <br />#1) to $19,546.79 per year (In June, 2000, Nextel rent was increased $200 per month due to <br />additional floor space being used for equipment). This is the same rent amount as the other three <br />wireless service providers. Rent will be increased 15% at the beginning of every renewal term (each <br />term is 5 years in length). <br />, <br />MENDMENT NO. 2 also provides for renewal of up to 5 additional terms after the Current Lease <br />greement expires (December 31, 2011). <br />OPTIONS: <br />1. Approve Resolution No. 07 -153. <br />2. Deny Resolution No. 07 -153. <br />3. Return to staff for further review. <br />RECOMMENDATION: <br />Option 1. <br />• <br />9/19/2007 <br />J: \Ricks Folder \Utilities\Antenna \Greensheet Nextel amendment 9 -07 .doc <br />