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MEMORANDUM <br /> DATE: October 9, 2003 <br /> TO: Mayor and Councilmembers <br /> FROM: Michael Mornson, City Manager <br /> SUBJECT: PROPOSAL TO LEASE WATER TOWER <br /> Attached is a proposal from LCC International to lease the City's water tower site <br /> for a telecommunications facility. The lease, as proposed, would be for a year <br /> term with four options to renew. The rent the City would receive is $1,350 per <br /> month, or$16,200 per year. <br /> In previous years, the City has rejected this type of use of the tower due to the low <br /> amount of revenue that would have been received. Proposed monthly revenue in <br /> previous years was $600 and, the Council did not want to clutter the water tower <br /> with telecommunication apparatus. <br /> Cuts in state aid funding has caused staff to explore additional revenue options to <br /> fund operations. If the Council is interested in exploring this revenue source, we <br /> could either request staff to enter into negotiations with this company, or we could <br /> have the company make a presentation to the Council first, then enter into <br /> negotiations. <br />