Fiscal Note
No fiscal or budgetary impact. The Licensee will continue to pay an annual license fee. The License Fee shall continue to be subject to a 4% annual escalation. The revenues from this license, less any direct costs incurred by the Water Utility in the administration of the license, are deposited in a special reserve fund, charge code 63028. In addition to normal direct costs, there is a payment to Dane County equal to 50% of the net proceeds of the license revenues to pay for the use of County-owned land to site the telecommunications facilities. The Water Utility will receive a one time payment of $27,594 for the Licensee's proportionate share of the City's costs for relocating utility facilities in conjunction with the construction of the New Tower.
Title
Authorizing the execution of a Second Amendment to License pertaining to a license with Verizon Wireless Personal Communications LP, d/b/a Verizon Wireless (f/k/a PrimeCo Personal Communications, L.P.) at the Lake View Water Tower, located at 1202 Northport Drive.
Body
WHEREAS, the City and Verizon Wireless Personal Communications LP, d/b/a Verizon Wireless (f/k/a PrimeCo Personal Communications, L.P.) (“Licensee”) are parties to a license, dated June 9, 1997 as amended by First Amendment to License, dated January 18, 2011 (collectively, “License”) pertaining to the placement by the Licensee of telecommunications equipment on the City-owned Lake View Water Tower (“Tower”) located on at 1202 Northport Drive in the City of Madison, as well as the placement of a telecommunications shelter located on land near the base of the Tower (“Land”). The Land and the space on the Tower are hereinafter collectively referred to as the “Premises”; and
WHEREAS, the Premises are located on the property owned by Dane County (“Property”) and described on attached Exhibit A - Revised 2016, and the City has an easement over the Property from Dane County (“Easement”), which allows for the Licensee’s use of and access...
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