Title
A Resolution Of The City Commission Of The City of Hollywood, Florida, Authorizing The Appropriate City Officials To Execute The Attached First Amendment To The Tower Siting Agreement, Between New Cingular Wireless PCS, LLC, And The City Of Hollywood, For A Wireless Communications System At 1621 N 14th Avenue.
Body
Staff Recommends: Approval of the attached resolution.
Explanation:
A Resolution Of The City Commission Of The City of Hollywood, Florida, Authorizing The Appropriate City Officials To Execute The Attached First Amendment To Tower Siting Agreement, Between New Cingular Wireless PCS, LLC, And The City Of Hollywood, For A Wireless Communications System At 1621 N 14th Avenue.
Resolution No. R-2009-339, approved on November 4, 2009, authorized the execution of a 20-year Tower Siting Agreement, from October 31, 2011, with a 10 year renewal between New Cingular Wireless PCS, LLC and the City of Hollywood for a wireless communication system located at 1621 N 14 Avenue.
The wireless provider is proposing a term extension of 120 months, from October 31, 2021 with three additional five year terms, due to expire on October, 30, 2046. The base rental fee will increase to $30,000 a year on October 1, 2017, from $17,313.76 a 42% increase, with a one-time $10,000 signing bonus within sixty (60) days of full execution by both parties and a minimum 3% escalator until 2046.
Recommended for inclusion on the agenda by:
Dr. Wazir Ishmael, City Manager
George R. Keller, Jr., Assistant City Manager/Finance & Administration
Raheem Seecharan, Director Department of Information Technology