Fiscal Note
The proposed resolution authorizes a license agreement with T-Mobile Central LLC for placement of telecommunications equipment on the City-owned water tower located at 910 S. High Point Road. The licensee will pay $3,187.50 monthly with a 4% annual increase, detailed in Exhibit A. The net revenue from this license agreement will be recognized in the Water Utility's 2025 Adopted Operating Budget. Future revenue increases will be made in subsequent agency operating requests and subject to Common Council approval. No additional appropriation is required.
Title
Authorizing the execution of a License Agreement with T-Mobile Central LLC, a Delaware limited liability company, for premises at the water tower located at 910 S. High Point Road. (District 1)
Body
WHEREAS, the City of Madison (“City”) is the owner of the water tower (“Tower”) located at 910 S. High Point Road, Madison, Wisconsin (“Property”), and depicted on attached Exhibit B; and
WHEREAS, City entered into a license agreement with Sprint Spectrum L.P. (“Sprint”), predecessor-in-interest to T-Mobile Central LLC (“Licensee”), pursuant to that certain license dated March 19,1998 (“Prior License”) pertaining to the placement of antennas and ancillary telecommunications equipment on the Tower as well as the placement of communications equipment cabinets (“Cabinets”) on land near the base of the Tower. The Prior License expired on February 28, 2018, and Sprint and Licensee continued to operate on a month-to-month basis at the Tower under the terms of the Prior License with City’s consent; and
WHEREAS, the terms of a new License Agreement have been negotiated between Licensee, the City’s Office of Real Estate Services staff, and the City’s consultant, Terabonne, Inc. (“Terabonne”) which allows Licensee to license a certain portion of the Property and a certain portion of the Tower (the “Premises”) as depicted on Exhibit B for the placement of a Communication Facility; and
NOW, THEREFORE, BE...
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