Attached is the revised lease amendment with T-Mobile with the Commission approved adjustment to the term so that it ends concurrent with the other tenant on that cell tower monopole.

In 2009 the city entered into a lease agreement for the city owned macro cell tower site located at 2525 Cady Way. The city currently owns 4 sites, two of which are managed by a third party provider. They have reached the end of their current extension period and this amendment to the lease provides a minor rent reduction and resets the term while still keeping rent at above market levels and with annual escalations. Staff is also working with T-Mobile at another site in the city and expects to bring an additional contract to the Commission, shortly. The cell tower revenue proceeds are used to support Parks improvements including lighting funded through the CIP and field maintenance.