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HomeMy WebLinkAbout2001-080 CCRMember Bob Peppe introduced the following resolution and moved its adoption: RESOLUTION NO. 2001-80 RESOLUTION AUTHORIZING EXECUTION OF AN AGREEMENT TO LEASE SPACE ON WATER TOWER #3 TO XM SATELLITE RADIO INC. FOR THE PURPOSE OF INSTALLING DIGITAL FM RADIO ANTENNAS WHEREAS, XM Satellite Radio Inc., a Delaware corporation, has submitted to the City a request to lease space in and on City water tower number three, along with the required $2,000 application fee; and WHEREAS, as compensation for the use of City facilities, XM Satellite Radio Inc. agrees to pay annual lease payment of $17,624.84. The payment shall be prorated for the first year then annually increased by 5 percent for twenty years represented by one five year lease period with three five year renewals; and WHEREAS, XM Satellite Radio Inc., the City Attorney, KLM Inc. (the City's water tower consultant), and staff have negotiated a lease agreement which is consistent with the City's Policy Regarding Wireless Telecommunications Facilities. _ NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn Center, Minnesota that: 1. The lease agreement between XM Satellite Radio Inc. and the City of Brooklyn Center for the placing a digital radio antenna at water tower number three is hereby approved. The Mayor and City Manager are hereby authorized to execute said lease agreement. 2. All lease payments collected from said lease shall be deposited into the Water Utility Fund. June 11, 2001.E Date aylvY or O/1//IVr ATTEST: City Clerk The motion for the adoption of the foregoing resolution was duly seconded by member Ed Nelson and upon vote being taken thereon, the following voted in favor thereof Myrna Kragness, Ed Nelson, Bob Peppe, and Tim Ricker; and the following voted against the same: none; whereupon said resolution was declared duly passed and adopted.