Sprint Lease Agreement Details: Sprint Spectrum L.P. has leased antenna and ground space on the Upper Prune Hill water tower site since 1994. The lease expired in 2015. Since that time, staff and the City Attorney have worked with Sprint Spectrum L.P. to negotiate a new lease agreement. The new agreement has been completed and is attached. The lease term is five years in duration at $2,000 per month with an annual rent increase of 3%. Presenter: Sam Adams, Utilities Manager

What this record is

Amount

$2K

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

contract

Field

Real estate

real estate contracts in WA that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

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

Committee

CITY COUNCIL WORKSHOP

Requested by

Public Works

Introduced

May 7, 2018

On agenda

May 21, 2018

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