Fiscal Note
No fiscal or budgetary impact.
Title
Authorizing the execution of an Amendment of Licenses and related Escrow Agreements pertaining to existing licenses between the City and Airadigm Communications, Inc. for the location of telecommunication facilities on City water towers.
Body
WHEREAS, the City of Madison (“City”) and Airadigm Communications, Inc. (“Airadigm”) are parties to licenses allowing for Airadigm’s siting and use of telecommunications equipment at the following three (3) water tower sites: the Spaanem Water Tower located at 4740 Spaanem Avenue, the Bunker Hill Water Tower located at 4701 Bunker Hill Lane, and the Prairie Road Water Tower located at 2829 Prairie Road; and
WHEREAS, each of the Licenses requires Airadigm to keep in effect throughout the term of the License a $5,000 surety bond, with performance payment and maintenance clauses payable to the City, to ensure Airadigm’s compliance with the requirement to remove all equipment installed at the water tower site upon the expiration, termination or revocation of the License; and
WHEREAS, Airadigm has requested that in lieu of the surety bonds, it be permitted to enter into an escrow agreement for each of the water tower sites, in the amount of $5,000 each; and
WHEREAS, Airadigm has prepared the necessary Amendment to Licenses and Escrow Agreements, and such documents have been reviewed and approved by the City Attorney’s Office and Office of Real Estate Services.
NOW, THEREFORE, BE IT RESOLVED, that the Mayor and City Clerk are hereby authorized to enter into an Amendment to Licenses (“Amendment”) for the following three (3) water tower sites: the Spaanem Water Tower located at 4740 Spaanem Avenue, the Bunker Hill Water Tower located at 4701 Bunker Hill Lane, and the Prairie Road Water Tower located at 2829 Prairie Road, which Amendment shall be on the following terms and conditions:
1. The final sentence of Paragraph 20 of each License requiring Airadigm, as the “Licensee,” ...
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