Number
090853
Version
ORIGINAL
Reference
001012
Sponsor
THE CHAIR
Title
Resolution approving a Second Amendment to Lease Agreement with Verizon Wireless relating to extending the term of the lease from 4 to 6 additional periods of 5 years for the site at 3000 North Lincoln Memorial Drive.
Analysis
This resolution approves a Second Amendment to Lease Agreement with Verizon Wireless entered into pursuant to Common Council Resolution File Number 001012 adopted on November 28, 2000. Under the amendment, the term of the lease will be extended from 4 to 6 additional periods of 5 years for the site at 3000 North Lincoln Memorial Drive.
Body
Whereas, The Common Council adopted Resolution File Number 960171 on June 25, 1996, establishing a policy for the leasing of city facilities for the provision of wireless telecommunications services; and
Whereas, The Common Council further adopted Resolution File Number 991575 on February 18, 2000, amending this policy; and
Whereas, These resolutions also designated the Department of Administration as the City’s sole negotiating agent for marketing City-owned sites to communication services vendors; and
Whereas, Pursuant to Common Council File Number 001012, adopted on November 28, 2000, the City and Verizon Wireless entered into a lease agreement dated January 23, 2000, for the installation and operation of Verizon Wireless’ communication and ancillary equipment at the 3000 North Lincoln Memorial Drive; and
Whereas, The Department of Administration has been working with the Water Works Division and the City Attorney’s Office to negotiate a Second Amendment to Lease Agreement with Verizon Wireless relating to extending the lease from 4 to 6 additional periods of 5 years; and
Whereas, The lease agreement offers a fair market value to the City, protects the City’s interests, and is acceptable to all City participants; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Common Counc...
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