ACTION REQUESTED:
Title
Communication from the City Manager, Emergency Communication Center Manager, and Corporation Counsel with a Request to APPROVE the Tower Site Lease AGREEMENT Between the City and ROCKET COMMUNICATIONS CORPORATION to Lease Space at City-Owned Property Located at the TWIN TOWERS (123 S.W. JEFFERSON AVENUE).
Body
BACKGROUND: Rocket seeks to locate a small parabolic dish on the roof of the east Tower of the property commonly known as the Twin Towers at 123 S.W. Jefferson Avenue, Peoria. Rocket further wishes to place additional equipment, at its expense, within a utility room owned by the City at that same location. The City has negotiated terms that are contained within the Tower Site Lease Agreement. The lease Agreement will last for 10 years with options to extend for additional five-year terms.
FINANCIAL IMPACT: City will receive $2400.00 annually in rent with a 3% increase each subsequent year following the initial year.
NEIGHBORHOOD CONCERNS: N/A
IMPACT IF APPROVED: Small start-up company will be able to provide better services to Peoria residents as a result of tower location of infrastructure. City will receive annual rents for use of space that is not needed by the City.
IMPACT IF DENIED: Company will not be able to situate its equipment in an optimal place to provide signal service to Peoria residents. City will not receive annual rental income from Rocket Communications.
ALTERNATIVES: N/A
EEO CERTIFICATION NUMBER: N/A
WHICH OF THE GOALS IDENTIFIED IN THE COUNCIL'S 2014 - 2029 STRATEGIC PLAN DOES THIS RECOMMENDATION ADVANCE?
1. Financially Sound City Government, Effective City Organization
2. Vibrant Downtown: Riverfront/ Central Business District/ Warehouse District
WHICH CRITICAL SUCCESS FACTOR(S) FROM THE COMPREHENSIVE PLAN DOES THIS RECOMMENDATION IMPLEMENT?
1. Invest in our infrastructure and transportation.
2. Keep taxes and fees competitive.
DEPARTMENT: Emergency Communications
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