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Dylan Reingold, Count, Attornev \\ 11h"1m K. DeBraal, Deput}- Comm, Attornc� hate Pingolt Cotner, Assistant County _lttorncv CONSENT: November 18, 2014 OfflGB 0f INDIAN RIVER COUNTY ATTORNEY MEMORANDUM TO: Board of County Commissioners FROM: William K. DeBraal — Deputy County Attorney �, November 12, ',2014 THROUGH: Manny Cabo — Telecommunications Manager CIv%-- SUBJEC7 Lease Extension and First Amendment to Ground Space Lease for Tower Located at 3925 65th Street — Bellsouth Ground Lease Black Dot Wireless, as agent for Florida 2B MPL Tower Holdings LLC via its atto ney-in- �"" fact CCATT LLC has requested to extend a ground space lease located at 3 25 65th Street, Vero Beach, Indian River County. You may recall that at its meeting of July 8, 2014, the Board approved a ground space Lease Amendment for Sprint locat d 3955 65th Street at the same tower site. The original tenant, Bellsouth Mobility, has leased ground space from the County at the 65th Street tower since August 1990. Over the years, the cellular industry has seen frequent mergers and acquisitions which have resulted in Florida 2B MPL Tower Holdings LLC (Florida 2B MPL) as the current owner of the tower while the County is the owner of the land underneath the tower. The current lease is set to expire in January, 2016, and Florida 2B MPL currently pays $17,954.02 per year in ren . Staff has been approached by Florida 2B MPL offering to renew the lease for two ac ditional 5 -year periods. Effective January, 2016 the annual rent will be increased to $18,702.10. The rental amount will increase 4% each year thereafter until the termination of the agreement in 2026. The proposed Lease Extension and First Amendment is attached to this memorandum. A 4% annual increase is similar to other lease agreements and their renewals and was the increase in the original 1997 lease. 199