PRESENTER: Presenter
Matthew Eckmann, Assistant Director of Public Works
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SUBJECT: Title
Approval of a second amendment to lease agreement between the City of New Braunfels and NCWPCS MPL 25 - Year Sites Tower Holdings, LLC for a communications tower located at 350 S. Castell Ave.
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DEPARTMENT: Public Works
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COUNCIL DISTRICTS IMPACTED: 5
BACKGROUND INFORMATION:
The City of New Braunfels has been leasing property for a communications tower located at 350 S. Castell Ave. since 1994. The current lease has been extended several times with the final extension expiring on December 31, 2024. Staff has notified the Lessee that we will not be renewing the lease on this site due to future projects on this property which would be in conflict with a communications tower. The Lessee has requested a final one-year renewal of this agreement in order to relocate to a new site and decommission this site in order to provide the least amount of service disruption as possible.
ISSUE:
Staff is in agreement with allowing the one year renewal at a rental rate of $19,077.12 for a term beginning January 1, 2025 and expiring December 31, 2025. As part of this agreement, if the Lessee is has not vacated prior to the expiration of the term, they will be required to pay the City holdover rent in the amount of $4,000 per month.
STRATEGIC PLAN REFERENCE:
☐Economic Mobility ☐Enhanced Connectivity ☐Community Identity
☐Organizational Excellence ☐Community Well-Being ☐N/A
[Enter Objectives/Performance Measures Supported]
FISCAL IMPACT:
Revenue will be generated by this lease extension which will go directly to the general fund.
Recommendation
RECOMMENDATION:
Staff recommends approval of this lease extension.