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Resolution approving an amendment to the lease with Crown Castle for antenna space on Hart Park Monopole
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WHEREAS, the City of Wauwatosa entered into a 5 year lease agreement with five 5-year extensions beginning in 2003 with Crown Castle, the lessee of the monopole at Hart Park and they are requesting a modification to the lease terms or they will not renew their lease with the City of Wauwatosa in 2028;
WHEREAS, the lessee is helping fund the parks budget and there is no longer a cell phone antenna on the tower so they have no income stream to pay the lease payment;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Wauwatosa that the City amend the terms of the lease agreement with Crown Castle to include a 50% revenue agreement.
By: Board of Public Works
recommendation
Recommendation: Approve 6-0