Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Execute The Attached Second Amendment To Tower Siting Agreement, Between Sprint Spectrum Realty Company, LLC, And The City Of Hollywood, For Their Wireless Communication System At 6800 Sheridan Street, Providing For A New Initial Term of 60 Months And For Two Automatic Renewals Of 60 Months Each.
Body
Staff Recommends: Approval of the attached resolution.
Explanation:
Resolution No. R-96-494, approved on November 20, 1996, authorized the execution of a 20-year Tower Siting Agreement between Sprint Spectrum L.P. and the City of Hollywood for the location of wireless communications equipment on the City’s communication tower at 6800 Sheridan Street.
Subsequently on February 6, 2014, the City Commission approved Resolution No. R-2013-019 authorizing execution of a First Amendment to the Tower Siting Agreement between Sprint Spectrum Realty Company, LLC, successor in interest to Sprint Spectrum L.P., providing for an additional Antenna Facility and equipment modifications and increasing the annual rent;
As of December 12th 2016, the current siting agreement will expire, the proposed third amendment to the contract increases the percentage escalator between 3% and 7% based on the CPI for the Miami-Ft. Lauderdale and extends the contract in three 5 year periods with automatic renewals.
The IT Department, and Finance Department has reviewed the requested changes and recommend approval.
Recommended for inclusion on the agenda by:
Dr. Wazir Ishmael, City Manager
George Keller, Assistant City Manager Finance and Administration
Raheem Seecharan, Director of Information Technology