Laserfiche WebLink
K , <br /> Indian River County, Florida <br /> Department of Utility Services <br /> Board Memorandum <br /> Date: October 10,2019 <br /> To: Jason E. Brown,County Administrator <br /> From: Vincent Burke, PE,Director of Utility Services <br /> Prepared By: Cindy Corrente, Utility Finance Manager <br /> Subject: Third Amendment to Elevated Water Tank Space License Agreement with Sprint <br /> Descriptions and Conditions: <br /> In August 2005,the Board of County Commissioners (BCC) entered into a lease agreement with Sprint's <br /> (Licensee) predecessor, Nextel Communications Inc. The agreement allowed the Licensee to install and <br /> operate a communications facility at the Indian River County Department of Utility Services' (IRCDUS) <br /> elevated tank, which is located at 4690 28th Court (Gifford Tank). On July 18, 2006, and again on <br /> November 12, 2013, the lease was amended to allow for installation of additional equipment on the <br /> tank. Presently,the annual lease fee is$51,099.36. <br /> Analysis: <br /> Recently, a representative for Sprint contacted staff to request permission to replace the fiber that <br /> serves their equipment at the site. Staff reviewed the engineeredplans and also had the.County's <br /> g Y <br /> contractor for tank maintenance review the plans to assure that this project would not interfere with <br /> the County's use of the site. Since no additional equipment is being installed, staff has not <br /> recommended increasing the lease fee. <br /> Funding: <br /> There is no cost to IRCDUS as a result of this lease amendment. However, IRCDUS will continue to <br /> receive revenues as a result of this lease agreement. The revenues will be recorded in the operating <br /> fund under the Radio Tower Rents account. The operating fund is used to cover daily expenses <br /> encountered while providing services to existing customers. <br /> Description _ Account Number Amount <br /> Radio Tower Rents 471038-362011 $51,099.36 <br /> 127 <br />