City of Milwaukee - File #: 230124

• File #: 230124
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 5/31/2023
• In control: COMMON COUNCIL
• Final action: 7/31/2023
• Title: Resolution approving a Third Amendment to Lease Agreement with Verizon Wireless relating to extending the term of the lease at the Hawley Road Water Tower at 1235 North 57th Street.
• Sponsors: THE CHAIR
• Indexes: AGREEMENTS, LEASES, TELECOMMUNICATIONS

Date	Ver.	Action By	Action	Result	Tally
8/2/2023	0	MAYOR	SIGNED
7/31/2023	0	COMMON COUNCIL	ADOPTED	Pass	15:0
7/19/2023	0	PUBLIC WORKS COMMITTEE	Minutes note: Ald. Bauman said that we heard this file two cycles ago and that it was held to have some more research done. Patrick Pauly - Water Works Superintendent - said that they were able to meet with the OCA and LRB to review the agreement. He added that LRB put a memo together providing examples of lease agreements on southeast Wisconsin and that the terms are very competitive with what is done at other locations. He also said that the agent for Verizon Wireless provided almost the same numbers as the LRB.
6/7/2023	0	PUBLIC WORKS COMMITTEE	HELD TO CALL OF THE CHAIR; Minutes note: Pat Pauly -Water Works - explained that this contract was established in 1998 and that it expired on May of 2023. He added that the fee is $45,000/yr with a 5% increment/yr. Ald. Bauman recommended to do some more diligences in order to get the maximum revenue. Mr. Pauly agreed.	Pass	5:0
5/31/2023	0	COMMON COUNCIL	ASSIGNED TO

Number
230124
Version
ORIGINAL
Reference
971409, 030075, 080810
Sponsor
THE CHAIR
Title
Resolution approving a Third Amendment to Lease Agreement with Verizon Wireless relating to extending the term of the lease at the Hawley Road Water Tower at 1235 North 57th Street.
Analysis
This resolution approves a Third Amendment to Lease Agreement with Verizon Wireless for the installation and operation of communication and ancillary equipment at the Hawley Road Water Tower at 1235 North 57th Street.
Body
Whereas, Pursuant to Common Council File Number 971409 adopted on March 3, 1998, the City and Verizon Wireless entered into a lease agreement with PrimeCo Personal Communications, L.P. for the installation and operation of communication and ancillary equipment at the Hawley Road Water Tower at 1235 North 57th Street.

Whereas, The Common Council File Number 030075 adopted on May 13, 2013, approved a First Amendment to Lease Agreement that addressed rent; and

Whereas, The Common Council File Number 080810 adopted on December 16, 2008, approved a Second Amendment to Lease Agreement for additional ground space at the property; and

Whereas, The Milwaukee Water Works and the City Attorney’s Office negotiated a Third Amendment to Lease Agreement with Verizon Wireless relating to extending the term of the lease; and

Whereas, Under this amendment one extension term of five years and three option terms of five years each will extend the term of the lease; and

Whereas, The third lease amendment offers a fair market value to the City, protects other City 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 Council approves a Third Amendment to Lease Agreement with Verizon Wireless at the Hawley Road Water Tower at 1235 North 57th Street, a copy of which is attached to this file, and authorizes the proper City officials to enter into said agreement on behalf of the C...