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HomeMy WebLinkAbout5E Assign T-Mobile USA Tower O � PRIp N � V �" 4646 Dakota Street SE Prior Lake. MN 55372 �NES�� CITY COUNCIL AGENDA REPORT MEETING DATE: APRIL 8, 2013 AGENDA #: 5E PREPARED BY: JERILYN ERICKSON, FINANCE DIRECTOR PRESENTED BY: JERILYN ERICKSON AGENDA ITEM: CONSIDER APPROVAL OF A CONSENT FOR ASSIGNMENT ON BEHALF OF TMOBILE CENTRAL LLC TO T-MOBILE USA TOWER LLC DISCUSSION: Introduction The purpose of this agenda item is to consider granting T-Mobile the right to transfer its rights as it relates to the certain Standard Civil Defense Pole Tower Agreement entered in on August 1, 2008. Histo The City of Prior Lake entered into a lease agreement with T-Mobile on August 1, 2008 which allowed T-Mobile to install, operate and maintain three antennae on the civil defense tower located in Willows 3` Addition. T-Mobile has paid the City $6,000 annually for years 2008-2013 to locate their antennae on this location. The annual fee increases incrementally every five years during the term of the Agreement. The initial term of the Agreement was five years and will automatical- ly be extended for three (3) additional five (5) year terms subject to provisions within the Agreement. Current Circumstances T-Mobile has requested that the rights as it relates to the aforementioned Agree- ment be assigned to T-Mobile USA Tower LLC. Per the Agreement dated August 1, 2008, T-Mobile may not assign or pledge its rights or delegate its duties without the City's prior written consent. Conclusion The Council should consider granting the assignment. ISSUES: The City Attorney has reviewed the attached "Consent and Acknowledgement of the City of Prior Lake" document. FINANCIAL The obligation to pay the annual rent will be assigned to T-Mobile USA Tower IMPACT: LLC. There should be no interruption in payments nor are there any changes in the amounts to be paid or any other obligations of the original Agreement. ALTERNATIVES: 1. Motion and second to approve the Consent of Assignment and Acknowledge- ment of the City of Prior Lake. 2. Direct the Staff to prepare additional information for City Council consideration at a future meeting. RECOMMENDED Alternative #1 MOTION: CONSENT AND ACKNOWLEDGMENT OF THE CITY OF PRIOR LAKE The City of Prior Lake, Minnesota, a municipal corporation (hereinafter the "City"), hereby consents to the assignment on behalf of T-Mobile Central, LLC (hereinafter "T- Mobile") to T- Mobile USA Tower LLC (hereinafter "T-Mobile Tower") and that certain Master Prepaid Lease By and Among T-Mobile USA Tower LLC, T-Mobile West Tower LLC, T-Mobile USA, Inc. and CCTMO LLC dated November 30, 2012 (hereinafter referred to as the "Master Prepaid Lease") as it relates to that certain Standard Civil Defense Pole Tower Agreement entered into the 1 st day of August, 2008 by and between City and T-Mobile (hereinafter referred to as the "Lease"). The foregoing consent shall in no event be deemed a waiver of any other terms and conditions of the Lease, and any assignee of the rights under the Lease shall be fully bound by and subject to the provisions of the Lease. The City is executing the foregoing solely for the purpose of consenting to the assignment of T-Mobile's interests in the Lease and by such execution is not to be otherwise deemed to be bound by the terms of said Assignment, the Master Prepare Lease or a party thereto. Nothing contained herein shall be deemed to and City does not hereby release T-Mobile of any obligations or liabilities arising under said Lease. CITY OF PRIOR LAKE a Minnesota municipal corporation By: Name: Its: Mayor By: Name: Its: City Manager STATE OF MINNESOTA ) ) ss. COUNTY OF SCOTT ) The foregoing instrument was acknowledged before me this day of April, 2013, by Kenneth L. Hedberg and Frank Boyles, as Mayor and City Manager, respectively, of the City of Prior Lake, a Minnesota municipal corporation, on behalf of the corporation.