Title
Joint resolution authorizing a five-year lease agreement, with two successive five-year renewal options, with Verizon Wireless of Basking Ridge, New Jersey, to maintain telecommunications equipment on the Lake County Water Tower at 30109 North Park Lane Green Oaks, Illinois.
Staff Summary
* The Lake County Board approved the replacement of the Countryside Manor Water Tower at their meeting in July 2016.
* The structure is in its final stage of completion and Verizon Wireless requested space on the water tower and adjacent property to install, maintain, and operate telecommunications equipment and antennas to provide wireless phone and data services to its customers.
* There is a need to enter into a lease agreement to provide Verizon Wireless access to the property at 30109 North Park Lane, Green Oaks, Illinois to install, remove, replace, modify, maintain, and operate the telecommunications equipment.
* The lease will provide revenue to Lake County in the amount of $36,000 per year with a 10 percent increase at each five-year renewal period.
* It is hereby requested that the County Board Chair be authorized to execute the lease agreement with Verizon Wireless of Basking Ridge, New Jersey.
Body
RESOLUTION
WHEREAS, Lake County owns the Countryside Manor Water Tower at 30109 North Park Lane, Green Oaks, Illinois; and
WHEREAS, Verizon Wireless requested space to install, maintain, and operate telecommunications equipment and antennas to provide wireless phone and data services to its customers.
WHEREAS, there is a need to enter into a lease agreement to provide Verizon Wireless access to the property at 30109 North Park Lane, Green Oaks, Illinois to install, remove, replace, modify, maintain, and operate the telecommunications equipment; and
WHEREAS, the telecommunications equipment will be owned by Verizon Wireless; and
NOW, THEREFORE, BE IT RESOLVED, by this County Board of Lake County, Illinois, that the...
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