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TO: Mayor Thomas J. Weisner
FROM: Blanca R. Dominguez, Asst. Corp. Counsell
DATE: May 27, 2015
SUBJECT:
Requesting approval for the City to enter into a lease agreement with SprintCom, Inc. to install and maintain communications equipment on the monopole located at 1325 W. Indian Trail Road.
PURPOSE:
To execute a Lease Agreement with SprintCom, Inc., to install and maintain communications equipment on the monopole located at 1325 W. Indian Trail Road.
BACKGROUND:
SprintCom, Inc. has made a request to place communications equipment on the monopole located at 1325 W. Indian Trail Road. The attached Lease is a standardized for Lease that was developed a number of years ago which the City has consistently used in these types of matters.
DISCUSSION:
The lease is for five years with (3) five year renewal options. Rent starts at $3,000.00 a month with 4% increase annually. The Lease provides for the security concerns of the Water Production Department, given the close proximity of the monopole to the City's water tower, and provides indemnification for the City of Aurora for any liability associated with the installation and operation of the facility and for repair and replacement of any damage to the City monopole.
IMPACT STATEMENT:
The lease provides for the installation of communication equipment which will benefit the connectivity of Sprint customers residing in Aurora. The monthly rent will also provide added source of revenue.
RECOMMENDATIONS:
It is recommended that this item be placed on the agenda for the June 9, 2015 Finance Committee meeting for review and consideration with ultimate referral to City Council for final approval.
cc: Alderman O'Connor, Chairman
Alderman Mervine
Alderman Bohman
Alderman Mesiacos, Alternate
CITY OF AURORA, ILLINOIS
ORDINANCE NO. _________
DATE OF PASSAGE ________________
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An Ordinance Authorizing the Execution of a Lease Agreement with SprintCom, Inc. for...
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