Fiscal Note
The proposed resolution authorizes a restated license agreement with New Cingular Wireless PCS, LLC (licensee) for placement of telecommunications equipment on the City-owned Lake View Water Tower located at 1202 Northport Drive. The licensee will pay $3,285 monthly with a 4% annual increase, detailed in Exhibit A. Dane County will receive 50% of the net proceeds of the license revenues to pay for use of County-owned land. The City's contractor, Terabonne will receive $365 per month 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 Restated License Agreement with New Cingular Wireless PCS, LLC, a Delaware limited liability company, for premises at the Lake View Water Tower located at 1202 Northport Drive. (District 18)
Body
WHEREAS, the City of Madison (“City”) is the owner of the water tower improvements addressed as 1352 Northport Drive, Madison, Wisconsin (“Tower”); which is located on property owned by Dane County addressed as 1202 Northport Drive (“Property”). The City controls certain lands surrounding the Tower pursuant to an easement from Dane County (the “Ground Easement”). Under the terms of the Ground Easement, any modification to the City improvements on the Property require the prior written approval of Dane County; and
WHEREAS, the City and New Cingular Wireless PCS, LLC (“Licensee”) are parties to a license, dated January 23, 1998, as amended by a first amendment to license, dated March 13, 2013, as further amended by a second amendment to license, dated December 14, 2016 (collectively, the “1998 License”), pertaining to the placement by Licensee of antennas and ancillary telecommunications equipment on the Tower as well ...
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