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Elk River <br /> Municipal Utilities UTILITIES COMMISSION MEETING <br /> TO: FROM: <br /> Elk River Municipal Utilities Commission Troy Adams, P.E. —General Manager <br /> John Dietz, Chair <br /> Al Nadeau, Vice Chair <br /> Daryl Thompson, Trustee <br /> MEETING DATE: AGENDA ITEM NUMBER: <br /> May 20, 2014 2.4 <br /> SUBJECT: <br /> Verizon Non-Exclusive Tower Attachment Lease Agreements <br /> DISCUSSION: <br /> Staff has been working with legal counsel and our engineering consultants reviewing non- <br /> exclusive tower attachment lease agreements for Verizon. The agreements are for attachments to <br /> ERMU's Gary Street Water Tower and Johnson Street Water Tower. The process included <br /> standardization so as other wireless providers inquire about attaching to ERMU's towers, we will <br /> be able to more effectively manage the provision of the agreements. The agreements and <br /> construction plans have passed review and are acceptable to staff and legal counsel. <br /> The agreements provide for a 5 year initial term lease with consideration of a $30,000 annual <br /> lease payment for the first year with a 4% increase for each additional year. The lease has a <br /> provision for four renewals of 5 year terms each. These provisions are similar to the non- <br /> exclusive tower attachment lease agreements that ERMU has with Sprint. <br /> ACTION REQUESTED: <br /> Staff requests the Commission approve the attached Verizon Non-Exclusive Tower Attachment <br /> Lease Agreements. <br /> ATTACHMENTS: <br /> • Verizon—Non-Exclusive Tower Attachment Lease Agreement—Gary Street Water <br /> Tower <br /> • Verizon—Non-Exclusive Tower Attachment Lease Agreement—Johnson Street Water <br /> Tower <br /> PNOWERED er <br /> Page 1 of 1 NATURE <br /> Reliable Public <br /> Power Provider POWE0.Eo To SERVE <br /> 41 <br />