TITLE
Recommendation to authorize City Manager to execute all documents necessary for Amended and Restated Lease No. 24384 with Los Angeles SMSA Limited Partnership, a California limited partnership doing business as Verizon Wireless (Verizon as “Lessee”), and the First Amendment to Use Authorization and Consent Agreement No. 32883 with American Tower Delaware Corporation, a Delaware corporation (ATC as “Sublessee”) for the continued operation of a cellular tower on City-owned property within the El Dorado Park Golf Course adjacent to the San Gabriel River. (District 4)
DISCUSSION
On August 15, 1995, the City Council authorized the execution of Lease No. 24834 with Verizon for the use of City-owned property within the El Dorado Park Golf Course for the installation of a cellular antenna tower. The Lease commenced on October 1, 1995, for an initial 5-year term with two 5-year options to further extend the term. On February 6, 2001, the City Council authorized the execution of the First Amendment to modify the rent and memorialize Verizon's decision to exercise its first 5-year option extending the term through September 30, 2005. On November 13, 2001, the City Council authorized the Second Amendment to allow for the replacement of the cellular antenna tower with an eighty-foot cellular tower designed to look like a pine tree (Monopine) and capable of accommodating multiple cellular carriers as subtenants. As a result of the modification of the tower, additional rent to the City in the form of 40 percent of subtenant rents was included in the Second Amendment. Finally, the Third Amendment executed in July 2007 memorialized Verizon's decision to exercise its remaining 5-year option extending the term through September 30, 2010.
ATC manages the site on behalf of Verizon under a separate Sublease agreement. ATC is responsible for payments to the City of all subtenant percentage rent. In December 2011, the City executed Use Authorization and Consent Agreement No. ...
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