ACTION REQUESTED:
Title
Communication from the Peoria City/County Landfill Committee and the Director of Public Works with a Request to APPROVE the Option and Land Lease AGREEMENT for a Communications Tower with SBA TOWERS V, LLC ("SBA").
Body
BACKGROUND: Staff has prepared an agreement with SBA Towers V, LLC ("SBA") for leasing space on City/County owned property for use as a telecommunications facility. On January 21, 2015, the Landfill Committee reviewed and approved the agreement. The agreement defines the use of property, permitted activities, rent and term. Permitted activities include surveys, soil borings, radio propagation studies and inspections.
The Lease Space shall consist of 10,000 square feet of ground space along with easement rights for access to the Leased Space by vehicle or foot from the nearest public way and for the installation of utility wires, poles, cables, conduits and pipes on the Premises.
The initial term of the lease will be five (5) years in the amount of $925 per month. Starting in the second year of the lease, the amount of the rent shall increase by two percent (2%) annually. Rent dollars will be deposited into the Landfill Committee fund.
FINANCIAL IMPACT:
NEIGHBORHOOD CONCERNS: n/a
IMPACT IF APPROVED: The Landfill Committee would have an additional revenue source that would generate $11,100 annually.
IMPACT IF DENIED: n/a
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. Grow Peoria: Businesses, Jobs, and Population
WHICH CRITICAL SUCCESS FACTOR(S) FROM THE COMPREHENSIVE PLAN DOES THIS RECOMMENDATION IMPLEMENT?
1. Grow employers and jobs.
DEPARTMENT: Public Works