Board of Education
Precis
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III.E.
 
Charlotte-Mecklenburg Board of Education
 
Agenda Item
 

Meeting Date
September 9, 2014

Agenda Item Title
Recommend Approval to Amend Cell Tower Lease Agreement with New Cingular Wireless PCS, LLC, Located at Providence High School on Property Owned by The Charlotte-Mecklenburg Board of Education in Accordance with the Specific Terms Set Forth in the 4th Amendment to the Lease Agreement

Staff Present
Ann Clark, Deputy Superintendent


Main Points
New Cingular Wireless desires to amend the cell tower Lease Agreement on property owned by The Charlotte-Mecklenburg Board of Education, located at Providence High School.  The proposed 4th Amendment term is three (3) years with two 3-year Option Periods to renew.  This tower has been in operation continuously since September 1996.


Fiscal Implications
The lease term is three (3) years with two 3-year Option Periods to renew.  The base monthly rent is $2965.71 ($35,588.52 annually) with an escalation equal to fifteen percent (15%) over the amount payable during the preceding Option Period. For current providers co-located at the site, a co-location rental applies for each in the amount as follows:  Verizon-the greater of $1482.86 or 60% of rental, SunCom-the greater of $1482.86 or 60% of rental, Clearwire-30% of rental, (currently $42,910.56 annually), with an escalation equal to fifteen percent (15%) over the amount payable during the preceding Option Period for SunCom and Verizon.  For future providers co-located at the site, a co-location rental applies for each: the greater of $975.00 per month or 60% of revenue, with an escalation equal to fifteen percent (15%) over the amount payable during the preceding Option Period.


Agenda Item Type
consent items


Motion
Recommend approval to amend the cell tower lease with New Cingular Wireless PCS, LLC in accordance with the specific terms set forth in the 4th Amendment of the Lease Agreement