Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Execute The Attached Tower Siting Agreement With Sprint Spectrum L.P. For A Wireless Communications System At The City’s Water Tower-East Located At 1100 Thomas Street; Providing A New Initial Term Of 60 Months With Three Additional Terms Of 60 Months Each.
Body
Staff Recommends: Approval of the Attached Resolution
Explanation:
Resolution No. R-97-250, approved on June 18, 1997, authorized the execution of a Tower Siting Agreement (“Agreement”) between Sprint Spectrum L.P and the City of Hollywood for location of a wireless communications antennae and equipment on the Hollywood Water Tower-East for a total of 20 years.
That agreement expired last year November; this is a new agreement which includes an increase in the base amount from $26,000 to $30,000, a one-time payment to the City of $10,000, and an increase in the escalator from CPI, to a fixed 4%, annually. The proposed duration of the lease is also 20 years.
The vendor was contacted in July of 2017 to initiate renegotiations, but was not able to complete this task because of ongoing merger talks, they been continuing payments throughout this process.
Recommended for inclusion on the agenda by:
Dr. Wazir A. Ishmael, City Manager
Adam Reichbach, Assistant City Manager for Finance & Administration
Raheem Seecharan, Director, Information Technology