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Council approves amended American Tower lease terms discussed at prior meeting
Summary
Staff said American Tower agreed to the contract changes discussed previously; council approved the site lease agreement noting a monthly reduction of roughly $200 and an upfront payment specified in the packet as '16' to compensate the reduction (packet language unclear).
Council approved a site lease agreement with American Tower after staff reported the company had agreed to the contract changes discussed at a prior meeting.
Staff said the negotiated terms include a roughly $200-per-month reduction to anticipated monthly receipts, and the packet described an upfront payment listed as "16" to cover the loss over the next five years; staff characterized this as a concession to offset the lower monthly amount. A council member moved to approve the American Tower site lease agreement and the motion passed unanimously.
The packet was presented as the basis for the motion and staff said the tower company had accepted the suggested contract language. The exact upfront figure in the packet was not read aloud in full numeric form in council discussion and is recorded in the packet; council approved the agreement as presented.
