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Committee approves SFMTA pole-license agreement with New Singular Wireless PCS LLC
Summary
The Budget and Finance Committee approved a retroactive master license agreement allowing New Singular Wireless PCS LLC to install antennas on SFMTA poles (nine-year term) and forwarded the item with a positive recommendation; the Budget Analyst estimated roughly $3.1 million in revenue over nine years.
The Budget and Finance Committee voted to approve and forward to the full Board a retroactive master license agreement allowing New Singular Wireless PCS LLC to install wireless telecommunication antennas and equipment on San Francisco Municipal Transportation Agency poles. Jason Gallegos, SFMTA real estate development manager, said the agreement mirrors previously approved deals and requested two minor amendments: adding 'PCS' to the company's name and recording a planning/environmental determination by SFMTA's environmental team.
Sevin Campbell of the Budget Analyst's Office reported the financial assumptions: a planned 75 poles, rents beginning around $4,000 for the first 50 full poles, a 3% annual increase, an average rent of about $4,100 in 2016, and an estimated $3,100,000 in total revenue over the nine-year term. The committee opened public comment and received none on this item, and Supervisor Katie Tang moved to approve the SFMTA amendments and send the item forward with a positive recommendation; the motion was seconded and taken without objection.
Next steps: the committee's positive recommendation will be transmitted to the full Board for final action.
