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Consent Agenda Item <br /> -- ' INDIAN RIVER COUNTY, FLORIDA <br /> i <br /> ' 10.21--:11 <br /> '�r DEPARTMENT OF UTILITY SERVICES <br /> \ . atilt i <br /> Date: June 8, 2015 <br /> To: Joseph A. Baird, County Administrator <br /> From: Vincent Burke, P.E., Director of Utility Service <br /> Prepared By: Cindy Corrente, Utilities Finance Manager/,,c 4 <br /> Subject: Second Amendment to Elevated Water Tank Spac License Agreement with <br /> Verizon <br /> DESCRIPTIONS AND CONDITIONS: <br /> In August 1997, The Board of County Commissioners entered into a lease agreement with <br /> PrimeCo Personal Communications, L.P., now known as Verizon Wireless Personal <br /> Communications, LP, D/b/a Verizon Wireless. The agreement allowed the Lessee to install and <br /> operate a communications facility at the Utility Department's elevated tank located at 4690 <br /> 28th Court (Gifford Tank). In August 2009, the lease was amended to include additional floor <br /> space so the lessee could install a propane generator and tank. <br /> ANALYSIS: <br /> Recently, representatives for Verizon Wireless contacted staff to request an upgrade to their <br /> equipment located on the Gifford Tank. In the past, staff has experienced various issues with <br /> the providers and their use of the tank. One of the issues is that the manner in which <br /> equipment is attached to the tower resulted in increased costs for the utility to have the tanks <br /> properly painted and maintained. In order to offset these costs, we have proposed an increase <br /> in lease fees of $8,400.00 per year. The new total yearly license fee will be $30,481.86. The <br /> four percent increase per year will remain in effect if this amendment is approved. <br /> FUNDING: <br /> There is no cost to the department as a result of this lease. However, the department will <br /> receive revenues as a result of this lease agreement. The revenues:will be recorded in the <br /> operating fund under the Radio Tower Rents account. The operating fund is used to cover <br /> daily expenses encountered to provide services to existing customers. <br /> ACCOUNT NO.: <br /> Description Account Number Amount <br /> Radio Tower Rents 471038-362011 $30,481.86 <br /> Page 1 of 2 <br /> 110 <br />