HomeMy WebLinkAboutResolution 7474RESOLUTION NO. 7474
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
Authorizing a Ground Space Lease with TTM Operating Corporation
WHEREAS, the City Council desires to enhance telecommunications within the Mounds
View area and work cooperatively with TTM Operating Corporation by leasing ground space;
and
WHEREAS, this will utilize unused space within a cabinet that has been abandoned by a
former telecommunications provider; and
WHEREAS, this will also enhance revenue to the City by providing $250 per month for
approximately 16 square feet of ground space for an initial lease period of three (3) years and
the option of four (4) additional three (3) year periods with an annual inflator of four (4) percent;
and
WHEREAS, TTM Operating Corporation will pay the City $2,000 upfront for legal and
staff costs; and
WHEREAS, TTM Operating Corporation will pay $2,000 for each additional connection
to other telecommunications providers.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View,
the Mayor and the City Clerk-Administrator are hereby authorized to sign the ground space
lease with TTM Operating Corporation pending satisfactory legal review.
Said resolution was declared to have been duly passed and adopted this 22nd day of June,
2009.
Jo Flaherty,
ATTEST:
~.
Jim Ericson, City Clerk-Administrator
(SEAL)