SUBJECT: Approval of a Second Amendment to the Lease Agreement Between the City of Merced and NCWPCS MPS 29-Year Tower Holding, LLC. Allowing up to Three Additional Renewal Options for Use of the Transmission Tower Located on Top of the Ralph Shannon Parcade (1729 M Street) for a Minimum Base Rent of $2,000.00 Per Month REPORT IN BRIEF Considers a second lease agreement amendment allows two additional five-year terms and up to one additional two-year term for the use of the transmission tower located on the top floor of the Ralph Shannon Parcade. RECOMMENDATION City Council - Adopt a motion approving the second amendment to the lease agreement between the City of Merced and NCWPCS MPS 29-Year Tower Holding, LLC and authorizing the City Manager or the Assistant City Manager to execute all the necessary documents.

Consent Item Passed Introduced December 22, 2019

What this record is

Amount: $2K
Runs until: December 22, 2021 already ended calculated from the contract term stated in the record
Type: amendment
Field: Real estate

Read automatically from the title of the official record. The source document below is authoritative.

Committee: City Council/Public Finance and Economic Development Authority/Parking Authority
Introduced: December 22, 2019
On agenda: January 6, 2020
Passed: January 6, 2020