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CONSENT: August 19, 2014 <br />Office of <br />INDIAN RIVER COUNTY <br />ATTORNEY <br />Dylan Reingold, County Attorney <br />William K. DeBraal, Deputy County Attorney <br />Kate Pingolt Cotner, Assistant County Attorney <br />MEMORANDUM <br />TO: Board of County Commissioners <br />FROM: William K. DeBraal — Deputy County Attorney <br />THROUGH: Manny Cabo — Telecommunications Manager (fes <br />DATE: August 1, 2014 <br />SUBJECT: First Amendment to Ground Space Lease for Tower Located at 3955 65th Street — <br />Sprint Ground Lease <br />Sprint Spectrum Realty Company L.P. (Sprint) has leased ground space from the County at the 65th <br />Street tower since December 9, 1997. That lease is set to expire in January, 2016, and Sprint currently <br />pays $17,531.10 per year in rent. Staff has been approached by Sprint offering to renew the lease for <br />two additional 5 -year periods. Effective January, 2016 the rent will be increased to $18,961.63 on an <br />annual basis. The rental amount will increase 4% each year until the termination of the agreement in <br />2026. The proposed First Amendment to Ground Space Lease is attached to this memorandum. A 4% <br />annual increase is similar to other lease agreements and their renewals and was the increase in the <br />original 1997 lease. <br />FUNDING: <br />Revenues associated with this lease are deposited in the General Fund to offset the cost of operating <br />the County's 800 MHz system. The first amendment to the lease will increase these revenues by 4% <br />per year as detailed above. <br />OPTIONS: <br />1. Approve the First Amendment to Ground Space Lease with the annual 4% increase in rental <br />fees. <br />2. Reject the First Amendment and direct staff to renegotiate its terms. <br />3. Reject the First Amendment and allow the lease to expire in January, 2016. <br />10 <br />;GENDA <br />1 <br />130 <br />