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Board of County Commissioners <br />May 1, 2020 <br />Page 2 <br />subleases of the North Tower Lease Agreement and the South Tower Lease Agreement. The County <br />Attorney's Office also recommends that the Board authorize County staff to procure a consultant with <br />expertise in communications leases who can assist the County in obtaining a lease with a carrier for <br />collocation space on the towers at the best possible rental rate. The goal would be to procure these services <br />as quickly as possible so that the County would be able to negotiate new leases with tenants for these two <br />towers as soon as possible. The consultant would also be available to assist in negotiations for leases on <br />other County structures. The leases with M/A COM and FPL are not being proposed to be terminated at <br />this time. <br />FUNDING. <br />The loss in revenue due to termination of these leases is $4,801.92 with a 3% annual increase per month. <br />It is staff' s intent to ensure new leases are in place shortly after December 18, 2020 to insure minimal <br />revenue impacts. The cost of the consultant's services is not yet known and will be funded via budget <br />amendment after an award is approved by the Board. <br />RECOMMENDATION. <br />The County Attorney's Office recommends that the Indian River County Board of County Commissioners <br />("Board") authorize the County Attorney's Office to send notice of termination to all tenants on both <br />towers. The County Attorney's Office also recommends that the Board authorize County staff to procure <br />a consultant with expertise in communications leases who can assist the County in obtaining a lease with <br />a carrier for collocation space on the towers at the best possible rental rate. <br />87 <br />