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HomeMy WebLinkAbout02-432.docNOVEMBER 26, 2002 02-432 RESOLUTION (CARRIED 7-0 LOST LAID OVER WITHDRAWN .) PURPOSE: APPROVE AMENDMENT TO WATER TOWER LEASE/ALLTELL INITIATED BY: CITY ADMINISTRATION WHEREAS, on June 8, 1999, the City of Oshkosh entered into a lease agreement with Appleton-Oshkosh-Neenah MSA, Limited Partnership, which permitted the company to lease space atop the Southwest (CTH N) Water Tower to install telecommunications equipment; and WHEREAS, the company seeks an amendment to permit installation of a second set of antenna atop the water tower; and WHEREAS, the terms of the amendment include the following provisions: · Annual rent of $21,000 for the balance of the first five-year period, with increases of at least 20% for each of two subsequent five-year periods. · All other provisions of the original agreement, not otherwise changed by this amendment, shall remain in full force and effect; NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Oshkosh that the proposed amendment with Appleton-Oshkosh-Neenah MSA, Limited Partnership, or successor entity, is approved and the proper City officials are hereby authorized to execute and deliver an appropriate document for purposes of same, any changes in the execution copy being deemed approved by their respective signatures, and said City officials are authorized and directed to take those steps necessary to implement the terms and conditions of the amendment.