Title
Joint committee action authorizing the amendment of a five year lease agreement with a five year renewal option with New Cingular Wireless PCS, LLC, Atlanta, GA, for telecommunications equipment at the Grandwood Drive Water Tower site in Gurnee, IL.
Staff Summary
* Lake County owns the water tower located at 37389 N. Grandwood Drive, Gurnee, IL.
* Lake County has leased space to New Cingular Wireless PCS, LLC for cell antennas on the water tower since December 2009.
* New Cingular Wireless PCS, LLC has requested an amendment to the existing lease to maintain telecommunications equipment on the water tower to provide wireless phone and data services to its customers.
* The current lease, in the amount of $34,778.28, includes a provision for an annual increase of three percent.
* The amendment to the lease establishes an initial lease payment of $36,000 per year with a ten percent increase at the five year renewal period.
* An amendment to the lease agreement has been prepared which sets forth the terms and conditions of the lease includes a $36,000 annual lease payment with a 10 percent increase each additional renewal period.
* It is hereby requested that the County Board Chair be authorized to execute the amendment to the lease agreement with New Cingular Wireless PCS, LLC, Atlanta, GA.
Body
TO: Public Works & Transportation Committee and the Finance and Administration Committee
FROM: Peter Kolb Director Lake County Public Works
DATE: August 25, 2015
RE: Contract Modification - Lease Agreement with New Cingular Wireless PCS, LLC
1. Lake County owns the water tower located at 37389 N. Grandwood Drive, Gurnee, IL
2. Lake County has leased space to New Cingular Wireless PCS, LLC for cell antennas on the water tower since December 2009.
3. New Cingular Wireless PCS, LLC has requested an amendment to the existing lease to maintain telecommunications equipment on the water tower to provide wireless phone and data services t...
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