TRANSMITTAL LETTER FOR BOARD MEETING OF OCTOBER 16, 2014
COMMITTEE ON REAL ESTATE
Mr. David St. Pierre, Executive Director
Title
Consent to T-Mobile Central LLC's collocation of thirteen (13) antennas and related equipment on an approximately 50'x 50' Sprint easement area located on the southern portion of North Shore Channel Parcel 5.01 in Skokie. Consideration shall be an initial annual collocation fee of $14,400.00
Body
Dear Sir:
On October 19, 2000, the Board of Commissioners authorized the grant of a 25-year easement to SprintCom Inc., ("Sprint") to use an approximately 50'x 50' parcel of District real estate in Skokie, Illinois located on the southern portion of North Shore Channel Parcel 5.01 for the construction and operation of an antenna tower and appurtenances related thereto. The annual easement fee, including collocation fees, is $53,254.56. The easement expires on April 18, 2026 ("Easement").
The Easement allows for the collocation of other antennas on the tower. The Easement further provides that any collocation would be subject to the District's approval, and the District would be entitled to 50% of the collocation fees received by Sprint from any third party.
Sprint has requested the District's consent to T-Mobile Central LLC's ("T-Mobile") collocation of thirteen (13) antennas on the tower and to use a portion of the approximately 50'x 50' Easement premises to locate its related equipment. The collocation will require compliance with the terms of the underlying Easement. T-Mobile will pay Sprint an initial annual collocation fee of $28,800.00. The District's 50% share of the initial collocation fee will be $14,400.00 per year. The fee will increase 4% each year. The term of the collocation will be for the remaining 12 years of the Sprint Easement.
The District's technical departments have reviewed Sprint's request and have no objections thereto.
It is requested that the Executive Director recommend to the Board of Commissioners that it consent to T-Mobile Central LLC's collocation of thirteen (13) antennas and related equipment on an approximately 50'x 50' Sprint easement area located on the southern portion of North Shore Channel Parcel 5.01 in Skokie. Consideration shall be an initial annual collocation fee of $14,400.00.
It is also requested that the Executive Director recommend to the Board of Commissioners that the Chairman of the Committee on Finance and the Clerk be authorized and directed to execute said consent agreement on behalf of the District after it is approved by the General Counsel as to form and legality.
Requested, Ronald M. Hill, General Counsel, RMH:STM:NPE:ss
Recommended, David St. Pierre, Executive Director
Respectfully Submitted, Mariyana T. Spyropoulos, Chairman Committee on Real Estate Development
Disposition of this agenda item will be documented in the official Regular Board Meeting Minutes of the Board of Commissioners for October 16, 2014
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