This resolution allows the city to lease part of the roof at 375 Laguna Honda Boulevard to New Cingular Wireless for ten years, starting at $120,000 per year with annual increases. The tenant will cover all services and utilities, and there are options to extend the lease for two additional five-year terms.
Resolution authorizing and approving the lease of a telecommunications facilities on a portion of the roof at 375 Laguna Honda Boulevard with New Cingular Wireless PCS, LLC, for a ten-year term at an initial annual rent of $120,000 or the monthly base rent of $10,000 with a 3% annual adjustment thereafter, and two five-year options to extend, with tenant responsible for all services and utilities, to commence upon execution after approval by the Board of Supervisors and Mayor, in their respective sole and absolution discretion.
How it got here
The legislation originated from a need to renew and upgrade a telecommunications lease with New Cingular Wireless PCS, LLC at a city-owned property.
The City entered into a telecommunications lease with the Bay Area Cellular Telephone Company (now AT&T Wireless) for a portion of the roof at 375 Laguna Honda Boulevard.
AT&T indicated they had finalized plans for upgrades to several antennas on the site, leading to negotiations for a new lease.
The City and New Cingular Wireless agreed on the proposed lease terms, including equipment upgrades.
A resolution was submitted to the Board of Supervisors for approval of the lease with New Cingular Wireless, detailing the terms and conditions.
The Budget and Finance Committee recommended the resolution for approval.
The Board of Supervisors adopted the resolution authorizing the lease with New Cingular Wireless.
The Mayor approved the resolution, finalizing the lease agreement.
Reconstructed from attached documents & the official record
