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City to accept $318,989 and new lease from T‑Mobile for antenna at Fire Station 43
Summary
The subcommittee approved a resolution settling back rent and authorizing a lease for a cellular facility at Fire Station 43 (720 Moscow St): a one‑time payment of $318,989 to cover past occupancy and a five‑year lease at $3,500/month with CPI adjustments and option terms.
The Budget and Finance Subcommittee approved a resolution resolving an overdue lease situation for a cellular communications facility at Fire Station 43, 720 Moscow Street, and authorized a prospective lease to T‑Mobile West.
John Updike (Acting Director, Real Estate Division) told the committee that a permit originally issued to Cingular in 2003 allowed installation of equipment on the station without an executed proprietary lease; the site later transferred to…
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