TRANSMITTAL LETTER FOR BOARD MEETING OF OCTOBER 18, 2018
COMMITTEE ON REAL ESTATE
Mr. John P. Murray, Acting Executive Director
Title
Authority to extend easement agreement dated August 10, 2000, between the District and STC Two LLC an additional 25 years to allow the continued use of an approximate 50’ x 50’ portion of the District’s John Egan Water Reclamation Plant premises in Schaumburg, Illinois for the operation and maintenance of an antenna tower and appurtenances related thereto. Consideration shall be a document preparation fee of $5,000.00
Body
Dear Sir:
On August 10, 2000, the Board of Commissioners granted a 25-year non-exclusive easement to SprintCom Inc., predecessor in interest to STC Two LLC (“STC Two”), to use an approximate 50’ x 50’ portion of the District’s John Egan Water Reclamation Plant premises in Schaumburg, Illinois for the construction and operation of an antenna tower and appurtenances related thereto. The easement expires November 30, 2025. The current annual easement fee is $34,725.30 and increases 4% each year.
The easement allows other telecommunication providers to collocate their antennas and appurtenances on the easement premises, subject to payment by STC Two of 50% of the collocation fees that it receives from such providers. Currently, the following providers collocate: 1) Nextel Communications, 2) Cook Inlet/Voicestream Operating Company, 3) Fiber Tower Corporation and 4) Clear Wireless LLC. The District’s current annual 50% share of collocation fees for this site is $15,915.39.
STC Two now requests to extend the easement, including all collocations granted therein, an additional 25 years to November 30, 2050. STC Two is requesting to extend its easement at this time in order to continue to enter into collocation agreements and to maintain existing agreements. The District's technical departments have reviewed STC Two’s request and have no objections thereto.
It is requested that the Acting Executive Director recommend to the Board of Commissioners that it authorize the extension of the easement agreement dated August 10, 2000, between the District and STC Two LLC an additional 25 years to allow the continued use of an approximate 50’ x 50’ portion of the District’s John Egan Water Reclamation Plant premises in Schaumburg, Illinois for the operation and maintenance of an antenna tower and appurtenances related thereto. Consideration shall be a document preparation fee of $5,000.00.
It is also requested that the Acting Executive Director recommend to the Board of Commissioners that it authorize and direct the Chairman of the Committee on Finance and the Clerk to execute the easement agreement extension after it has been approved by the General Counsel as to form and legality.
Requested, Susan T. Morakalis, General Counsel, STM:CMM:npe
Recommended, John P. Murray, Acting Executive Director
Respectfully Submitted, David J. Walsh, 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 18, 2018
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