HomeMy Public PortalAbout2016.112 (06-07-16)RESOLUTION NO. 2016.112
"RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD,
AUTHORIZING THE MAYOR TO EXTEND THE LAND LEASE AGREEMENT
THROUGH August 31, 2054 WITH AMERICAN TOWER TO MANAGE THE
VERIZON WIRELESS FACILITY AT 5107 JOSEPHINE STREET IN THE CITY
OF LYNWOOD."
WHEREAS, the City Council of the City of Lynwood adopted Resolution
No. 2008.138 on August 5, 2008 and entered into an agreement with Verizon
Wireless to construct a permanent wireless facility at Ham Park and receive an
annual rent in the amount of $29,974.98 with a yearly increase of three percent
(3 %) with a expiration date of August 31, 2024; and
WHEREAS, American Tower entered into a management agreement and
a master prepaid lease with Verizon Wireless on March 27, 2015. Effective said
date, American Tower subleases, manages, operates and maintains, as
applicable, the lease premises; and
WHEREAS, American Tower is undergoing the process of marketing the
tower to bring additional tenants; and has presented the City of Lynwood three
options for consideration by way of land lease agreement extension; and
WHEREAS, option 3- a 30 year land lease agreement extension will result
in the amount of $2,620,118.37 (with a 3% escalation rate) paid to the City in rent
by the year 2054; and
WHEREAS, the land lease agreement extension will create steady and
secure revenue for the City of Lynwood. .
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD
DOES HEREBY FIND, PROCLAIM, ORDER, AND RESOLVE AS FOLLOWS:
Section 1. That the City Council of the City of Lynwood approves and
authorizes the Mayor or designee to select option 3 and extend the executed
land lease agreement with American Tower as identified in the Memorandum of
Lease. Such agreement is extended through August 31, 2054.
Section 2. That the City will continue to receive an annual rent increase
by an amount equal to the three percent (3 %) of the annual paid during the
immediately preceding year.
Section 3. That the Mayor is hereby authorized to extend the executed
agreement between the City of Lynwood and American Tower.
Section 4. This Resolution shall take effect immediately upon its
adoption.
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Section 5. The City Clerk shall certify as to the adoption of this City
Council Resolution.
PASSED, APPROVED and ADOPTED this 7th day of June, 2016.
ATTEST:
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Maria Quinonez,
City Clerk
APPROVED AS TO FORM:
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David A. Garcia,
City Attorney
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Edwin Hernandez,
Mayor
APPROVED AS TO CONTENT:
J. Arnoldo Beltran,
City Manager
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Erika Ramirez, In irector
Department of Dev pment,
Compliance & Enforcement Services
2
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, Maria Quinonez, the undersigned, City Clerk of the City of Lynwood, do hereby
certify that the foregoing Resolution was passed and adopted by the City Council
of the City of Lynwood at a regular meeting held on the 7 h day of June, 2016,
and passed by the following vote:
AYES: COUNCIL MEMBERS ALATORRE, SANTILLAN -BEAS AND
HERNANDEZ
NOES: SOLACHE & CASTRO
ABSENT: NONE
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GV J
Maria Quinonez, ity Clerk
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, Maria Quinonez, the undersigned, City Clerk of the City of Lynwood, and the
Clerk of the City Council of said City, do hereby certify that the above foregoing. is
a full, true and correct copy of Resolution No. 2016.112 on file in my office and
that said Resolution was adopted on the date and by the vote therein stated.
Dated this 7th day of June, 2016.
Maria Quinonez, City Clerk