HomeMy WebLinkAbout2020-017 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 20-17
APPROVING SPRINT SPECTRUM L.P. LEASE
AGREEMENT — WATER TOWER #2
WHEREAS, the existing lease agreement with Sprint Spectrum L.P. to operate
telecommunications equipment on the water tower located at 7001 Otter Lake Road has
expired; and
WHEREAS, City staff and the City Attorney have negotiated the proposed lease
agreement with Sprint Spectrum; and
WHEREAS, the term of the agreement is for five (5) years and will be automatically
renewed for three (3) additional five-year terms unless the Tenant provides Owner with
notice of its intention not to renew prior to the expiration of the Initial Term or any
Additional Term; and
WHEREAS, the rent has been increased to a monthly fee of $2,900.00. The monthly rent
payment will increase by 4% each year of this Agreement on each anniversary of July 26
thereafter.
NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Lino
Lakes hereby approves the Water Tower Lease Agreement with Sprint Spectrum L.P. for
Water Tower #2.
Adopted by the Council of the City of Lino Lakes this 24th day of February, 2020.
The motion for the adoption of the foregoing resolution was introduced by Council
Member
Stoesz and was duly seconded by Council Member Lyden and
upon vote beingtaken thereon, the followin voted in favor thereof:
Stoesz, den, Ruhland, Rafferty,
The following voted against same:
none
ATTEST:
hli
Ju e Bartell, CitCler