2024-O-005
Authorizing the City Manager to execute a First Amendment to Ground Lease (Lease”) between the City of Laredo (“Landlord”) and NCWPCS MPL 30 - Year Sites Tower Holdings LLC, a Delaware limited liability company, by and through CCATT LLC, a Delaware limited liability company, its attorney in fact, (“Tenant”) for ground space at 1501 East Lyons St., Laredo, Webb County, Texas, for the continued maintenance and operation of a 80 ft. high self-supporting tower and related ground facilities. Term of the Amendment is for (3) consecutive renewal terms of five (5 years); effective October 21, 2027. The annual rent will increase from $19,141.00 to $45,000.00 with a four percent (4%) annual escalator. The City will also receive a conditional signing bonus of $25,000.00.
- Committee
- City Council
- Requested by
- Information Services & Telecommunication
- Introduced
- January 23, 2024
- On agenda
- February 5, 2024
- Passed
- February 5, 2024
Where it was heard
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