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<br />RESOLUTION 8484 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />APPROVE WATER TOWER LEASE AGREEMENT WITH T-MOBILE <br /> <br />WHEREAS, T-Mobile Central, LLC has a current lease agreement with the City of Mounds View <br />for water tower space and antenna connections; and <br /> <br />WHEREAS, the current lease agreement has an expiration date of December 31, 2015; and, <br /> <br />WHEREAS, T-Mobile Central, LLC and the City of Mounds View desire to continue with this <br />agreement; and, <br /> <br />WHEREAS, T-Mobile Central, LLC has agreed to have their equipment shelter removed from <br />the base of the water tower and relocated to an area to be mutually agreed upon by June 30, 2017; <br />and, <br /> <br />WHEREAS, T-Mobile Central, LLC has agreed to lease payments of $28,000 annually with a <br />4% inflation factor beginning 2016; and, <br /> <br />WHEREAS, the lease begins January 1, 2016 and extends for 5 years, ending on December <br />31, 2020; and, <br /> <br />WHEREAS, the lease can be extended five years up to three times upon mutual agreement. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View, <br />Ramsey County, Minnesota that the proposed lease between the City of Mounds View and T-Mobile <br />Central, LLC is approved. <br /> <br />Adopted this 14th day of December, 2015 <br /> <br /> <br /> <br /> ____________________________________ <br /> Joe Flaherty, Mayor <br /> <br />ATTEST: <br /> ____________________________________ <br /> James Ericson, City Administrator <br />(SEAL)