Loading...
IV.5. Approve Fourth Amendment to Site Lease Agreement with New Cingular Wireless PCS; Stadler (CR2016-041)G�TY �F HOPKINS April 12, 2016 Council Report 2016-041 Approve Fourth Amendment to Site Lease Agreement between City of Hopkins and New Cingular Wireless PCS to extend the term of the lease for communications facilities at the Blake Wate r Towe r Proposed Action. Staff recommends adoption of the following motion: Move that Council authorize the Citv Manager to sign the fourth amendment to the site lease agreement between the City of Hopkins and New Cinqular Wireless PCS to extend the lease term from vear 2021 to year 2036 for their equipment at Blake Water Tower site. Overview. Our initial 2006 lease with New Cingular PCS has been amended three previous times regarding equipment modifications and rent adjustments. �fhe existing 15-year lease was set to expire in Novernber 2021. The current rent is $4,039/month. Under the terms of this fourth amendment the rent will increase to $4,240.95 in November 2016. The rent will increase 4% per year starting year. 2 of the new lease term. This fourth amendment includes an initial 5-year term on the lease and three additional extension terms of 5 years each. Therefore, with this amendment the lease will expire in the year 2036. Staff has agreed to reduce the annual rent escalator from 5% to 4% under this amendment. Even with the reduction our escalator is above the average CPI-based rates that are typically used for these leases in the metro area. Our City Attorney has reviewed the proposed amendment and agrees that our rent and annual inflator are well above the average when compared with their other metro suburban clients for similar water tower telecommunications leases. Staff recommends approval of the lease amendment. Supporting I nformation • Proposed Lease Amendment � �� , Steven J. Stadler Public Works Director Financial Impact: $50,891.40/year starting Nov 2016 Budgeted: �es Related documents (CIP, ERP, etc.): N otes : Cell Site No.: MPLSMN3454 Cell Site Name: INTERLACHEN Fixed Asset No.: 10111979 Market: ND / SD / NE / MN / IA Address: 145 Harrison Avenue South FOURTH A,MENDMENT TO LEASE AGREEMENT THIS FOURTH 1�,MENDMENT TO LEASE AGREEMENT ("Fourth Amendment"), dated as of the latter of the signature dates below (the "Effective Date"), is by and between the City of Hopkins, a Minnesota municipal corporation, having a mailing address of 1 Ol 0 First Street South, Hopkins, I��N 55343 (hereinafter referred to as "Landlord"), and New Cingular Wireless PCS, LLC, a Delaware limited liability company, having a mailing address of 575 Morosgo Drive, Atlanta, GA 30324 (hereinafter referred to as "Tenant"). WHEREAS, Landlord and Tenant entered into a Lease Agreement dated November 7, 2006, as amended by First Amendment to Lease Agreement dated July 13, 201 l, as amended by Second Amendment to Lease Agreement dated December 3, 2014, as amended by Third Amendment to Lease Agreement dated December 2, 201 S(hereinafter, collectively, the "Agreement"), whereby Landlord leased to Tenant certain Premises, therein described, that are a portion of the Property located at 145 Harrison Avenue South, Hopkins,1�7N; and WHEREAS, the term of the Agreement will expire on November 6, 2021, and the parties mutually desire to �enew the Agreement, memorialize such renewal period and modify the Agreement in certain other respects, all on the terms and conditions contained herein; and WHEREAS, Landlord and Tenant desire to amend the Agreement to extend the term of the Agreement; and WHEREAS, Landlord and Tenant desire to amend the Agreement to adjust the Rent (as defined below) in conjunction with the modifications to the Agreement contained herein; and WHEREAS, Landlord and Tenant desire to amend the Agreement to modify the notice section thereof; and WHEREAS, Landlord and Tenant desire to amend the Agreement to permit Tenant to add, modify and/or replace equipment in order to be in compliance with any current or future federal, state or local mandated application, including but not limited to emergency 911 comn2unication services; and WHEREAS, Landlord and Tenant, in their mutual interest, wish to amend the Agreement a� ��� �o��i below �.ccordingly. NOW THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant agree that the recitals set forth above are incorporated herein as if set forth in their entirety and further agree as follows : l. Extension of Term. The term of the Agreement shall be extended to provide that the Agreement has a new initial term of five (5) years ("New Initial Term") corrlmencing on Category 3, 4, & 5 Amendment Form Cell Site No.: MPLSMN3454 Cell Site Name: INTERLACHEN Fixed Asset No.: 10111979 Market: ND / SD / NE / MN / IA Address: 145 Harrison Avenue South November l, 2016 ("Nevv Term Con�mencement Date"). As of the New Term Commencement Date, the term provided in the Agreement and any extensions thereof, as applicable, shall be void and of no further force and consequence. The Agreement will automatically renew, corrlmencing on the expiration of the New Initial Term, for up to three (3) separate consecutive additional periods of five (5) years each (each such five (5) year additional period is hereinafter referred to as an "Additional Extension Term" and each such Additional Extension Term shall be considered an Extension Term under the Agreement), upon the same terms and conditions of the Agreement, as amended herein, without further action by Tenant unless Tenant notifies Landlord in writing of Tenant's intention not to renew the Agreement at least sixty (60) days prior to the expiration of the then current Additional Extension Term. The New Initial Term, the Additional Extension Term are collectively referred to as the Term ("Term"). 2. Rent. Conlmencing on November 1, 2016, the current Rent payable under the Agreement shall be Four Thousand Two Hundred Forty and 95/100 Dollars ($4,240.95) per month (the "Rent"), and shall continue during the Term, subject to adjustment as provided herein. Section 4(b) of the Agreement shall be amended to provide that Rent shall be adjusted as follows: in year two (2) of the New Initial Term and each year thereafter, including throughout any Additional Extension Term exercised, the monthly Rent will increase by four percent (4%) over the Rent paid during the previous year. 3. Emergency 911 Service. In the future, without the pay�nent of additional Rent, or any other consideration, and at a location mutually acceptable to Landlord and Tenant, Landlord agrees that Tenant may add, modify and/or replace equipment in order to be in compliance with any current or future federal, state or local mandated application, including but not limited to emergency 911 cor�lmunication services. 4. Charges. All charges payable under the Agreement such as utilities and taxes shall be billed by Landlord within one (1) year from the end of the calendar year in which the charges were incurred; any charges beyond such period shall not be billed by Landlord, and shall not be payable by Tenant. The foregoing shall not apply to monthly rent which is due and payable without a requirement that it be billed by Landlord. The provisions of this subparagraph shall survive the termination or expiration of the Agreement. S. Acknowledgement. Landlord acknowledges that: 1) this Fourth Amendment is entered into of the Landlord's free will and volition; 2) Landlord has read and understands this Fourth Amendment and the underlying Agreement and, prior to execution of this Fourth Amendment, was free to consult wit� counsel of its c�ioosing regarding Landlor�.5 s�.ecision to enter into t�iis Fourt� Amendment and to have counsel review the terms and conditions of this Fourth Amendment; 3) Landlord has been advised and is informed that should Landlord not enter into this Fourth Amendment, the underlying Agreement between Landlord and Tenant, including any termination or non-renewal provision therein, would remain in full force and effect. 6. Notices. Section 17 of the Agreement is hereby deleted in its entirety and replaced with the following: . 2 Category 3, 4, & 5 Amendment Form Cell Site No.: MPLSMN3454 Cell Site Name: INTERLACHEN Fixed Asset No.: 10111979 Market: ND / SD / NE / MN / IA Address: 145 Harrison Avenue South "(a) NOTICES. All notices, requests, demands and con�munications hereunder vvill be given by first class certified or registered mail, return receipt requested, or by a nationally recognized overnight courier, postage prepaid, to be effective when properly sent and received, refused or returned undelivered. Notices will be addressed to the parties as follows: If to Tenant: New Cingular Wireless PCS, LLC Attn: Network Real Estate Administration Re: Cell Site #: MPLSl��I�T3454 Cell Site Name: INTERLACHEN (l��I�T); Fixed Asset No.: 10111979 575 Morosgo Drive Atlanta, GA 30324 With a required copy of the notice sent to the address above to AT&T Legal at: New Cingular Wireless PCS, LLC Attn: AT&T Legal Department Re: Cell Site #: MPLSl��IN3454 Cell Site Name: INTERLACHEN (l��IN); Fixed Asset No.: 10111979 208 S . Akard Street Dallas, Texas, �5202-4206 A copy sent to the Legal Department is an administrative step which alone does not constitute legal notice. And as to Landlord: City of Hopkins 1010 1 st Street South Hopkins, l��IN 55343 (b) In the event of a change in ownership, transfer or sale of the Property, within ten (10) days of such transfer, Landlord will send the below documents to Tenant. In the event Tenant does not receive such appropriate documents, Tenant shall not be responsible for any failure to pay the current landlord (i) New deed to Property �11� New W-9 �111� New Payment Direction Form (iv) Full contact information for new Landlord including all phone numbers Either party hereto may change the place for the giving of notice to it by thirty (30) days prior written notice to the other as provided herein." 3 Category 3, 4, & 5 Amendment Form Cell Site No.: MPLSMN3454 Cell Site Name: INTERLACHEN Fixed Asset No.: 10111979 Market: ND / SD / NE / MN / IA Address: 145 Harrison Avenue South 7. 1Vlemoranclum of Agree�nent. Either part� vvill, at any tirne upon fifteen (15) days prior written notice from the other, execute, acknowledge and deliver to the other a recordable Memorandum of Agreement substantially in the form of the Attachment 1. Either party may record this memorandum at any time, in its absolute discretion. 8. Other Terms and Conditions Remain. In the event of any inconsistencies between the Agreement and this Fourth Amendment, the terms of this Fourth Amendment shall control. Except as expressly set forth in this Fourth Amendment, the Agreement otherwise is unmodified and remains in full force and effect. Each reference in the Agreement to itself shall be deemed also to refer to this Fourth Amendment. 9. Capitalized Terms. All capitalized terms used but not defined herein shall have the same meanings as defined in the Agreement. [NO MORE TEXT ON THIS PAGE - SIGNATURES TO FOLLOW ON NEXT PAGE] 4 Category 3, 4, & 5 Amendment Form __ _ .__ __ _ _ __ _ _ __ _ _ _ __ I I Cell Site No.: MPLSMN3454 Cell Site Name: INTERLACHEN Fixed Asset No.: 10111979 Market: ND / SD / NE / MN / IA Address: 145 Harrison Avenue South �T �TITNESS V�T�IEREOF, the parties have caused their properly authorized representatives to execute this Fourth Amendment on the dates set forth below. LANDLORD: TEN��NT: City of Hopkins, New Cingular Wireless PCS, LLC, a Minnesota munici al co oration a Delaware limited liability company p � By: AT&T Mobility Corporation Its : Manager By: Print Name: Title: Date: By: Print Name: Title: Date: [ACx�TOWLEDGMENTS APPEAR ON THE NEXT PAGE] 5 Category 3, 4, & 5 Amendment Form Cell Site No.: MPLSMN3454 Cell Site Name: INTERLACHEN Fixed Asset No.: 10111979 Market: ND / SD / NE / MN / IA Address: 145 Harrison Avenue South • �. � � � .__ / �. � . S TATE OF ) ) SS. COUNTY OF ) I certify that I know or have satisfactory evidence that is the person who appeared before me, and said person acknowledged that said person signed this instrument, on oath stated that said person was authorized to execute the instrument and acknowledged it as the of the City of Hopki.ns, a Minnesota municipal corporation, to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. �� � Notary S eal (Signature of Notary) (Legibly Print or Stamp Name of Notary) Notary Public in and for the State of My appointment expires : � Category 3, 4, & 5 Amendment Form Cell Site No.: MPLSMN3454 Cell Site Name: INTERLACHEN Fixed Asset No.: 10111979 Market: ND / SD / NE / MN / IA Address: 145 Harrison Avenue South w •. � •w . / � . . � . S TATE OF ) ) SS. COLTNTY OF ) I certify that I know or have satisfactory evidence that is the person who appeared before me, and said person acknowledged that he/she signed this instrument, on oath stated that he/she was authorized to execute the instrument and acknowledged it as the of AT&T Mobility Corporation, the Manager of New Cingular Wireless PCS, LLC, a Delaware limited liability company, to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. DATED : Notary S eal (Signature of Notary) (Legibly Print or Stamp Name of Notary) Notary Public in and for the State of My appointment expires : � Category 3, 4, & 5 Amendment Form Cell Site No.: MPLSMN3454 Cell Site Name: INTERLACHEN Fixed Asset No.: 101119'79 Market: ND / SD / NE / MN / IA Address: 145 Harrison Avenue South Memorandum of Agreement 8 Category 3, 4, & 5 Amendment Form Cell Site No.: MPLSMN3454 Cell Site Name: INTERLACHEN Fixed Asset No.: 10111979 Market: ND / SD / NE / MN / IA Address: 145 Harrison Avenue South Exhibit A Copy of Agreement 9 Category 3, 4, & 5 Amendment Form _ _ . _ .. . _ _ . _ _ _ _ . . _ . . _ . . .. PARCEL #: 19-117-21-34-0123; 19-117-21-34- 0124; 19-117-21-43-0001; 19-117-21-43-0004; and 19-117-21-34-0150 SPACE ABOVE FOR RECORDER's usE THIS DOCL�IVIENT WAS Dl�:AFTED BY, and WHEN RECORDED RETUItN TO: President Michael Fraunces (858) 799-7850 Md7, LLC 10590 West Ocean Air Drive, Suite 300 S an Diego, CA 9213 0 Re: Cell Site #: MPLSI��IN3454 Cell Site Name: INTERLACHEN (l��IN) Fixed Asset Number: 10111979 State: l��T County: Hennepin MEMOI�.ANDUM OF AGREEMENT This Memorandum of Agreement is entered into on this day of , 201 , by and between the City of Hopkins, a Minnesota municipal corporation, having a mailing address at 1010 First Street Sc�uth�9 I�o�aki�.s� l��I�T 55�43 �h�_r�i�a�t�r ��f��ed to �.s "Id�.n�lor�") and New Cingular Wireless PCS, LLC, a Delaware limited liability company, having a mailing address of 575 Morosgo Drive, Atlanta, GA 30324 (hereinafter referred to as "Tenant"). l. Landlord and Tenant entered into a certain Lease Agreement dated November 7, 2006, as amended by that certain First Amendment to Lease Agreement dated July 13, 2011, as amended by that certain Second Amendment to Lease Agreement dated December 3, 2014, as amended by that certain Third Amendment to Lease Agreement dated December 2, 2015, and as further amended by that certain Fourth -1- _ _ . _ _ _ . _ . _ .. . _ _ _ _. . .. _ . _ ._ . 2. 3. Amendment to Lease Agreement dated , 201 (hereinafter, collectively, the "Agreement") for the purpose of installing, operating and n�aintaining a cor��unications facility and other improvements at Landlord's real property located in the City of Hopkins, County of Hennepin, co�lmonly known as 145 Harrison Avenue South. All of the foregoing are set forth in the Agreement. The New Initial Term will be five (S) years ("New Initial Term") cor�imencing on November l, 2016, with three (3) successive five (5) year options to renew. The portion of the land being leased to Tenant (the "Premises") is described in Exhibit 1 annexed hereto. 4. This Memorandum of Agreement is not intended to amend or modify, and shall not be deemed or construed as amending or modifying, any of the terms, conditions or provisions of the Agreement, all of which are hereby ratified and affirmed. In the event of a conflict between the provisions of this Memorandum of Agreement and the provisions of the Agreement, the provisions of the Agreement shall control. The Agreement shall be binding upon and inure to the benefit of the parties and their respective heirs, successors, and assigns, subj ect to the provisions of the Agreement. [NO MORE TEXT ON THIS PAGE - SIGNATURES TO FOLLOW ON NEXT PAGE] -2- IN WITNESS WHEREOF, the parties have executed this Memorandum of Agreement as of the day and year first above written. LANDLORD: City of Hopkins, a Minnesota municipal corporation By. Print Name: Title: Date: -3- TEN��NT : New Cingular Wireless PCS, LLC, a Delaware limited liability company By: AT&T Mobility Corporation Its : Manager By• Print Name: Title: Date: LANDLORD ACI��TOWLEDGEMENT STATE OF ) ) SS. COLTNTY OF ) I certify that I know or have satisfactory evidence that is the person who appeared before me, and said person acknowledged that said person signed this instrument, on oath stated that said person was authorized to execute the instrument and acknowledged it as the of the City of Hopkins, a Minnesota municipal corporation, to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. DATED : . Notary S eal (Signature of Notary) (Legibly Print or Stamp Name of Notary) Notary Public in and for the State of My appointment expires : -4- f TENANT ACKNOVVLEDGEMENT �'�ATE OF ) ) SS. COUNTY OF ) I certify that I know or have satisfactory evidence that is the person who appeared before me, and said person acknowledged that he/she signed this instrument, on oath stated that he/she was authorized to execute the instrument and acknowledged it as the of AT&T Mobility Corparation, the Manager of New Cingular Wireless PCS, LLC, a Delaware limited liability company, to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. DATED : . Notary S eal (Signature of Notary) (Legibly Print or Stamp Name of Notary) Notary Public in and for the State of � Exhibit 1 to Memorandum of Agreement Legal Description Street Address: 145 Harrison Avenue South, Hopkins,l��IN 55343 Parcel #: 19-117-21-34-0 l 23; 19-117-21-34-0124; 19-117-21-43-0001; 19-117-21-43-0004; and 19-117-21-34-0150 That certain Premises (and access and utility easements) on a portion of the real property described as follows : � m � � , � � � � ., � � � ��� �:¢ � � ��� ,� � x , � � � � � � , r � �� . � ; �� a y � �x � s � � .�� �� . � � � � � � � � .¢ :£ � .� � � . � � . v ; ,,� � � � e �� y � � � ������ �n � ��� � a���� _ t � �� v �; - � � � � .w : _ �, � � � ; E � � �x � :x � . t � � � � _a ��« w � . �� �� . , - F � v � �� � �r ..� � � ,� �, ° ,� � � � , � � , v ._ ,� � � E � � � � � A � � �-� � � _ � �� �. � .. �� � v . � � 0 _ � . �_� � , �� , �s � � � � � ,� � , , � , � � � � � 1� £ � , �� �. �� ° � � .� # �: � � , ��. �� � �„ � , � � �� �� � � � � � �. � , � � �� � �� +� � � � � ��b � > a � � �� � � _, � r � �k � � � �� � � � � � � : �- �t � � �1 �' : � i� .� ;�; i � � , , � ` � ` � . � � �� �� �. � , � ,� � .r _� . � �. , ` � ��� U � ■ � �� � � E .. �! �, i � ,. � _ � � . � �; p � � - e� . 4 , a v � � � � �� ,: i, , - x �