SlideShare a Scribd company logo
FINANCE DEPARTMENT
Presented by:
Robert Galindo
Finance Director
SECOND AMENDMENT TO
WATER TOWER LICENSE AGREEMENT
ITEM # 8
JANUARY 27, 2020
SUMMARY
 The Second Amendment to Water Tower License
Agreement with Cellco Partnership d/b/a Verizon
Wireless
BACKGROUND
 Water Tower License Agreement signed August 2, 2005
 Six antennas for a fee of $24,300 ($4,000 per antenna) with a
3% increase each year
 Included two extensions of five-years each
 First Amendment to Water Tower License Agreement signed
April 26, 2010 to move to new water tower
 Contract expires August 31, 2020
BACKGROUND
 Second Amendment is for three terms with each term
being five-years for a maximum of fifteen years
 The water tower is located behind City Hall
 Fee is $14,258 for each antenna ($42,774 first year)
 Rate increases 3% each year
POLICY ANALYSIS
 This resolution is in compliance with being
financially responsible by maintaining an existing
source of revenue when it’s best for the city.
FISCAL IMPACT
3rd 3 antennas 4th 3 antennas 5th 3 antennas
Renewal Term License Fee Renewal Term License Fee Renewal Term License Fee
August 1, 2020 42,774.00$ August 1, 2025 49,586.79$ August 1, 2030 57,484.68$
August 1, 2021 44,057.22$ August 1, 2026 51,074.39$ August 1, 2031 59,209.22$
August 1, 2022 45,378.94$ August 1, 2027 52,606.62$ August 1, 2032 60,985.50$
August 1, 2023 46,740.30$ August 1, 2028 54,184.82$ August 1, 2033 62,815.06$
August 1, 2024 48,142.51$ August 1, 2029 55,810.37$ August 1, 2034 64,699.51$
 This resolution maintains an existing revenue source that was
about to expire August 31, 2020.

More Related Content

What's hot

Co-operation possibilities for the Nordic countries within the frameworks pro...
Co-operation possibilities for the Nordic countries within the frameworks pro...Co-operation possibilities for the Nordic countries within the frameworks pro...
Co-operation possibilities for the Nordic countries within the frameworks pro...
Juha Ruokonen
 
Day 1 Energy Profile of RCREEE Member Sates
Day 1 Energy Profile of RCREEE Member Sates Day 1 Energy Profile of RCREEE Member Sates
Day 1 Energy Profile of RCREEE Member Sates
RCREEE
 
RESPONSE TO ISSUES RAISED BY THE HOUSE COMMITTEE ON FCT
RESPONSE TO ISSUES RAISED BY THE HOUSE COMMITTEE ON FCTRESPONSE TO ISSUES RAISED BY THE HOUSE COMMITTEE ON FCT
RESPONSE TO ISSUES RAISED BY THE HOUSE COMMITTEE ON FCT
victor john
 
Overview of the energy sector in zambia case of renewable energy
Overview of the energy sector in zambia   case of renewable energyOverview of the energy sector in zambia   case of renewable energy
Overview of the energy sector in zambia case of renewable energy
Jerry Sakala
 
Rhone Resch | Industry Perspective on a National Performance Based Incentive
Rhone Resch | Industry Perspective on a National Performance Based IncentiveRhone Resch | Industry Perspective on a National Performance Based Incentive
Rhone Resch | Industry Perspective on a National Performance Based Incentive
GW Solar Institute
 
CCS Policy Scoping Document - plenary presentation given by Matthew Billson a...
CCS Policy Scoping Document - plenary presentation given by Matthew Billson a...CCS Policy Scoping Document - plenary presentation given by Matthew Billson a...
CCS Policy Scoping Document - plenary presentation given by Matthew Billson a...
UK Carbon Capture and Storage Research Centre
 
N Lauderdale Workshop
N Lauderdale WorkshopN Lauderdale Workshop
N Lauderdale Workshop
Sandy Gutner
 
Tariff2009 14
Tariff2009 14Tariff2009 14
Tariff2009 14
ashwani ashok
 
Directions for the gas sector
Directions for the gas sectorDirections for the gas sector
Directions for the gas sector
SowunmiLabode
 
Budget synopsis
Budget synopsisBudget synopsis
Budget synopsis
CA Gourang Shah
 
Nuclear liability bill
Nuclear liability billNuclear liability bill
Nuclear liability bill
Altacit Global
 
Albanian Res by Dr Lorenc Gordani - Slides
Albanian Res by Dr Lorenc Gordani - SlidesAlbanian Res by Dr Lorenc Gordani - Slides
Albanian Res by Dr Lorenc Gordani - Slides
Lorenc Gordani
 
New Bill retrospectively restores prohibition on passing land tax onto tenant...
New Bill retrospectively restores prohibition on passing land tax onto tenant...New Bill retrospectively restores prohibition on passing land tax onto tenant...
New Bill retrospectively restores prohibition on passing land tax onto tenant...
Property Developments
 

What's hot (13)

Co-operation possibilities for the Nordic countries within the frameworks pro...
Co-operation possibilities for the Nordic countries within the frameworks pro...Co-operation possibilities for the Nordic countries within the frameworks pro...
Co-operation possibilities for the Nordic countries within the frameworks pro...
 
Day 1 Energy Profile of RCREEE Member Sates
Day 1 Energy Profile of RCREEE Member Sates Day 1 Energy Profile of RCREEE Member Sates
Day 1 Energy Profile of RCREEE Member Sates
 
RESPONSE TO ISSUES RAISED BY THE HOUSE COMMITTEE ON FCT
RESPONSE TO ISSUES RAISED BY THE HOUSE COMMITTEE ON FCTRESPONSE TO ISSUES RAISED BY THE HOUSE COMMITTEE ON FCT
RESPONSE TO ISSUES RAISED BY THE HOUSE COMMITTEE ON FCT
 
Overview of the energy sector in zambia case of renewable energy
Overview of the energy sector in zambia   case of renewable energyOverview of the energy sector in zambia   case of renewable energy
Overview of the energy sector in zambia case of renewable energy
 
Rhone Resch | Industry Perspective on a National Performance Based Incentive
Rhone Resch | Industry Perspective on a National Performance Based IncentiveRhone Resch | Industry Perspective on a National Performance Based Incentive
Rhone Resch | Industry Perspective on a National Performance Based Incentive
 
CCS Policy Scoping Document - plenary presentation given by Matthew Billson a...
CCS Policy Scoping Document - plenary presentation given by Matthew Billson a...CCS Policy Scoping Document - plenary presentation given by Matthew Billson a...
CCS Policy Scoping Document - plenary presentation given by Matthew Billson a...
 
N Lauderdale Workshop
N Lauderdale WorkshopN Lauderdale Workshop
N Lauderdale Workshop
 
Tariff2009 14
Tariff2009 14Tariff2009 14
Tariff2009 14
 
Directions for the gas sector
Directions for the gas sectorDirections for the gas sector
Directions for the gas sector
 
Budget synopsis
Budget synopsisBudget synopsis
Budget synopsis
 
Nuclear liability bill
Nuclear liability billNuclear liability bill
Nuclear liability bill
 
Albanian Res by Dr Lorenc Gordani - Slides
Albanian Res by Dr Lorenc Gordani - SlidesAlbanian Res by Dr Lorenc Gordani - Slides
Albanian Res by Dr Lorenc Gordani - Slides
 
New Bill retrospectively restores prohibition on passing land tax onto tenant...
New Bill retrospectively restores prohibition on passing land tax onto tenant...New Bill retrospectively restores prohibition on passing land tax onto tenant...
New Bill retrospectively restores prohibition on passing land tax onto tenant...
 

Similar to AH CCM 01.27.20 Item #8 PPT - Second Amendment Verizon

Item # 8 - PPT Reinstatement and Third Amend Sprint Lease
Item # 8 - PPT Reinstatement and Third Amend Sprint LeaseItem # 8 - PPT Reinstatement and Third Amend Sprint Lease
Item # 8 - PPT Reinstatement and Third Amend Sprint Lease
ahcitycouncil
 
PPT Item # 4 - Water Restrictions Amendment
PPT Item # 4 - Water Restrictions AmendmentPPT Item # 4 - Water Restrictions Amendment
PPT Item # 4 - Water Restrictions Amendment
ahcitycouncil
 
LAWYER IN VIETNAM DR. OLIVER MASSMANN - VIETNAM – WHY YOU SHOULD INVEST IN RE...
LAWYER IN VIETNAM DR. OLIVER MASSMANN - VIETNAM – WHY YOU SHOULD INVEST IN RE...LAWYER IN VIETNAM DR. OLIVER MASSMANN - VIETNAM – WHY YOU SHOULD INVEST IN RE...
LAWYER IN VIETNAM DR. OLIVER MASSMANN - VIETNAM – WHY YOU SHOULD INVEST IN RE...
Dr. Oliver Massmann
 
Uescespc Washington
Uescespc WashingtonUescespc Washington
Uescespc Washington
silverwolf_4_u
 
Frank Hoffman's Presentation RE: 1603 Grant Program
Frank Hoffman's Presentation RE: 1603 Grant ProgramFrank Hoffman's Presentation RE: 1603 Grant Program
Frank Hoffman's Presentation RE: 1603 Grant Program
Leslie Feeney
 
Vietnam - Wind Power - Moving towards completion - With the newly-proposed w...
 Vietnam - Wind Power - Moving towards completion - With the newly-proposed w... Vietnam - Wind Power - Moving towards completion - With the newly-proposed w...
Vietnam - Wind Power - Moving towards completion - With the newly-proposed w...
Dr. Oliver Massmann
 
VIETNAM - ONSHORE AND OFFSHORE WIND ENERGY PROJECTS -GETTING DEALS DONE!
VIETNAM - ONSHORE AND OFFSHORE WIND ENERGY PROJECTS -GETTING DEALS DONE!VIETNAM - ONSHORE AND OFFSHORE WIND ENERGY PROJECTS -GETTING DEALS DONE!
VIETNAM - ONSHORE AND OFFSHORE WIND ENERGY PROJECTS -GETTING DEALS DONE!
Dr. Oliver Massmann
 
Texas State Energy Conservation Office (SECO) ARRA Funding Update: Lisa Elled...
Texas State Energy Conservation Office (SECO) ARRA Funding Update: Lisa Elled...Texas State Energy Conservation Office (SECO) ARRA Funding Update: Lisa Elled...
Texas State Energy Conservation Office (SECO) ARRA Funding Update: Lisa Elled...
Alliance To Save Energy
 
Allies Federal Energy Policy 7 09
Allies Federal Energy Policy 7 09Allies Federal Energy Policy 7 09
Allies Federal Energy Policy 7 09
msciortino
 
PPT Item # 7 - Water Surcharge Fee Amendment
PPT Item # 7 - Water Surcharge Fee AmendmentPPT Item # 7 - Water Surcharge Fee Amendment
PPT Item # 7 - Water Surcharge Fee Amendment
ahcitycouncil
 
Renewable energy
Renewable energyRenewable energy
Renewable energy
Dr. Oliver Massmann
 
Agenda meeting (1)
Agenda meeting (1)Agenda meeting (1)
Agenda meeting (1)
Michael Brust
 
Feed in-tariff regulations and getting wind power projects done (en)
Feed in-tariff regulations and getting wind power projects done (en)Feed in-tariff regulations and getting wind power projects done (en)
Feed in-tariff regulations and getting wind power projects done (en)
Dr. Oliver Massmann
 
Draft Decision on Supporting Regime for Solar Power Projects
Draft Decision on Supporting Regime for Solar Power Projects Draft Decision on Supporting Regime for Solar Power Projects
Draft Decision on Supporting Regime for Solar Power Projects
Dr. Oliver Massmann
 
Item # 13 - PPT Olameter water reading services Agreement
Item # 13 - PPT Olameter water reading services Agreement Item # 13 - PPT Olameter water reading services Agreement
Item # 13 - PPT Olameter water reading services Agreement
ahcitycouncil
 
Financing Green Initiatives
Financing Green InitiativesFinancing Green Initiatives
Financing Green Initiatives
Gobi
 
Joint use
Joint useJoint use
Joint use
bgibsonaleccoop
 
Municipal Energy Program Applicant Workshop
Municipal Energy Program Applicant WorkshopMunicipal Energy Program Applicant Workshop
Municipal Energy Program Applicant Workshop
Cuyahoga County Planning Commission
 
The Renewables EU Directive
The Renewables EU DirectiveThe Renewables EU Directive
The Renewables EU Directive
fernando nuño
 
The EU Renewables Directive
The EU Renewables DirectiveThe EU Renewables Directive
The EU Renewables Directive
Leonardo ENERGY
 

Similar to AH CCM 01.27.20 Item #8 PPT - Second Amendment Verizon (20)

Item # 8 - PPT Reinstatement and Third Amend Sprint Lease
Item # 8 - PPT Reinstatement and Third Amend Sprint LeaseItem # 8 - PPT Reinstatement and Third Amend Sprint Lease
Item # 8 - PPT Reinstatement and Third Amend Sprint Lease
 
PPT Item # 4 - Water Restrictions Amendment
PPT Item # 4 - Water Restrictions AmendmentPPT Item # 4 - Water Restrictions Amendment
PPT Item # 4 - Water Restrictions Amendment
 
LAWYER IN VIETNAM DR. OLIVER MASSMANN - VIETNAM – WHY YOU SHOULD INVEST IN RE...
LAWYER IN VIETNAM DR. OLIVER MASSMANN - VIETNAM – WHY YOU SHOULD INVEST IN RE...LAWYER IN VIETNAM DR. OLIVER MASSMANN - VIETNAM – WHY YOU SHOULD INVEST IN RE...
LAWYER IN VIETNAM DR. OLIVER MASSMANN - VIETNAM – WHY YOU SHOULD INVEST IN RE...
 
Uescespc Washington
Uescespc WashingtonUescespc Washington
Uescespc Washington
 
Frank Hoffman's Presentation RE: 1603 Grant Program
Frank Hoffman's Presentation RE: 1603 Grant ProgramFrank Hoffman's Presentation RE: 1603 Grant Program
Frank Hoffman's Presentation RE: 1603 Grant Program
 
Vietnam - Wind Power - Moving towards completion - With the newly-proposed w...
 Vietnam - Wind Power - Moving towards completion - With the newly-proposed w... Vietnam - Wind Power - Moving towards completion - With the newly-proposed w...
Vietnam - Wind Power - Moving towards completion - With the newly-proposed w...
 
VIETNAM - ONSHORE AND OFFSHORE WIND ENERGY PROJECTS -GETTING DEALS DONE!
VIETNAM - ONSHORE AND OFFSHORE WIND ENERGY PROJECTS -GETTING DEALS DONE!VIETNAM - ONSHORE AND OFFSHORE WIND ENERGY PROJECTS -GETTING DEALS DONE!
VIETNAM - ONSHORE AND OFFSHORE WIND ENERGY PROJECTS -GETTING DEALS DONE!
 
Texas State Energy Conservation Office (SECO) ARRA Funding Update: Lisa Elled...
Texas State Energy Conservation Office (SECO) ARRA Funding Update: Lisa Elled...Texas State Energy Conservation Office (SECO) ARRA Funding Update: Lisa Elled...
Texas State Energy Conservation Office (SECO) ARRA Funding Update: Lisa Elled...
 
Allies Federal Energy Policy 7 09
Allies Federal Energy Policy 7 09Allies Federal Energy Policy 7 09
Allies Federal Energy Policy 7 09
 
PPT Item # 7 - Water Surcharge Fee Amendment
PPT Item # 7 - Water Surcharge Fee AmendmentPPT Item # 7 - Water Surcharge Fee Amendment
PPT Item # 7 - Water Surcharge Fee Amendment
 
Renewable energy
Renewable energyRenewable energy
Renewable energy
 
Agenda meeting (1)
Agenda meeting (1)Agenda meeting (1)
Agenda meeting (1)
 
Feed in-tariff regulations and getting wind power projects done (en)
Feed in-tariff regulations and getting wind power projects done (en)Feed in-tariff regulations and getting wind power projects done (en)
Feed in-tariff regulations and getting wind power projects done (en)
 
Draft Decision on Supporting Regime for Solar Power Projects
Draft Decision on Supporting Regime for Solar Power Projects Draft Decision on Supporting Regime for Solar Power Projects
Draft Decision on Supporting Regime for Solar Power Projects
 
Item # 13 - PPT Olameter water reading services Agreement
Item # 13 - PPT Olameter water reading services Agreement Item # 13 - PPT Olameter water reading services Agreement
Item # 13 - PPT Olameter water reading services Agreement
 
Financing Green Initiatives
Financing Green InitiativesFinancing Green Initiatives
Financing Green Initiatives
 
Joint use
Joint useJoint use
Joint use
 
Municipal Energy Program Applicant Workshop
Municipal Energy Program Applicant WorkshopMunicipal Energy Program Applicant Workshop
Municipal Energy Program Applicant Workshop
 
The Renewables EU Directive
The Renewables EU DirectiveThe Renewables EU Directive
The Renewables EU Directive
 
The EU Renewables Directive
The EU Renewables DirectiveThe EU Renewables Directive
The EU Renewables Directive
 

More from ahcitycouncil

PPT Item # 8&9 - Demolition Code Amendments
PPT Item # 8&9 - Demolition Code AmendmentsPPT Item # 8&9 - Demolition Code Amendments
PPT Item # 8&9 - Demolition Code Amendments
ahcitycouncil
 
PPT Item # 7 - 231 Encino Avenue (sign. review)
PPT Item # 7 - 231 Encino Avenue (sign. review)PPT Item # 7 - 231 Encino Avenue (sign. review)
PPT Item # 7 - 231 Encino Avenue (sign. review)
ahcitycouncil
 
PPT Item # 5 - 318 Tuxedo Ave. (sign. review)
PPT Item # 5 - 318 Tuxedo Ave. (sign. review)PPT Item # 5 - 318 Tuxedo Ave. (sign. review)
PPT Item # 5 - 318 Tuxedo Ave. (sign. review)
ahcitycouncil
 
PPT Item # 4 - 434 College Blvd. (sign. review)
PPT Item # 4 - 434 College Blvd. (sign. review)PPT Item # 4 - 434 College Blvd. (sign. review)
PPT Item # 4 - 434 College Blvd. (sign. review)
ahcitycouncil
 
Item # 10 -- Historical Presv. Districts
Item # 10 -- Historical Presv. DistrictsItem # 10 -- Historical Presv. Districts
Item # 10 -- Historical Presv. Districts
ahcitycouncil
 
Item #s 8&9 -- Demolition Code Amendment
Item #s 8&9 -- Demolition Code AmendmentItem #s 8&9 -- Demolition Code Amendment
Item #s 8&9 -- Demolition Code Amendment
ahcitycouncil
 
Item # 7 - 231 Encino Ave. (sign. review)
Item # 7 - 231 Encino Ave. (sign. review)Item # 7 - 231 Encino Ave. (sign. review)
Item # 7 - 231 Encino Ave. (sign. review)
ahcitycouncil
 
Item # 5 - 318 Tuxedo Ave. (sig. review)
Item # 5 - 318 Tuxedo Ave. (sig. review)Item # 5 - 318 Tuxedo Ave. (sig. review)
Item # 5 - 318 Tuxedo Ave. (sig. review)
ahcitycouncil
 
Item # 4 - 434 College Boulevard (sign. review)
Item # 4 - 434 College Boulevard (sign.  review)Item # 4 - 434 College Boulevard (sign.  review)
Item # 4 - 434 College Boulevard (sign. review)
ahcitycouncil
 
Item # 1a - May 28, 2024 Special CCM Minutes
Item # 1a - May 28, 2024 Special CCM MinutesItem # 1a - May 28, 2024 Special CCM Minutes
Item # 1a - May 28, 2024 Special CCM Minutes
ahcitycouncil
 
PPT Item # 9 - 2024 Street Maintenance Program(SMP) Amendment
PPT Item # 9 - 2024 Street Maintenance Program(SMP) AmendmentPPT Item # 9 - 2024 Street Maintenance Program(SMP) Amendment
PPT Item # 9 - 2024 Street Maintenance Program(SMP) Amendment
ahcitycouncil
 
PPT Item # 8 - Tuxedo Columbine 3way Stop
PPT Item # 8 - Tuxedo Columbine 3way StopPPT Item # 8 - Tuxedo Columbine 3way Stop
PPT Item # 8 - Tuxedo Columbine 3way Stop
ahcitycouncil
 
PPT Item # 7 - BB Inspection Services Agmt
PPT Item # 7 - BB Inspection Services AgmtPPT Item # 7 - BB Inspection Services Agmt
PPT Item # 7 - BB Inspection Services Agmt
ahcitycouncil
 
PPT Item # 6 - 7001 Broadway ARB Case # 933F
PPT Item # 6 - 7001 Broadway ARB Case # 933FPPT Item # 6 - 7001 Broadway ARB Case # 933F
PPT Item # 6 - 7001 Broadway ARB Case # 933F
ahcitycouncil
 
PPT Item # 5 - 5330 Broadway ARB Case # 930F
PPT Item # 5 - 5330 Broadway ARB Case # 930FPPT Item # 5 - 5330 Broadway ARB Case # 930F
PPT Item # 5 - 5330 Broadway ARB Case # 930F
ahcitycouncil
 
PPT Item # 4 - 525 Argo Avenue ARB Case # 926F
PPT Item # 4 - 525 Argo Avenue ARB Case # 926FPPT Item # 4 - 525 Argo Avenue ARB Case # 926F
PPT Item # 4 - 525 Argo Avenue ARB Case # 926F
ahcitycouncil
 
PPT Item # 2 -- Announcements Powerpoint
PPT Item # 2 -- Announcements PowerpointPPT Item # 2 -- Announcements Powerpoint
PPT Item # 2 -- Announcements Powerpoint
ahcitycouncil
 
Item # 1a -- May 13, 2024 City Council Meeting Minutes
Item # 1a -- May 13, 2024 City Council Meeting MinutesItem # 1a -- May 13, 2024 City Council Meeting Minutes
Item # 1a -- May 13, 2024 City Council Meeting Minutes
ahcitycouncil
 
Item # 4 -- 525 Argo Avenue ARB Case 926F
Item # 4 -- 525 Argo Avenue ARB Case 926FItem # 4 -- 525 Argo Avenue ARB Case 926F
Item # 4 -- 525 Argo Avenue ARB Case 926F
ahcitycouncil
 
Item # 5 - 5330 Broadway ARB Case # 930F
Item # 5 - 5330 Broadway ARB Case # 930FItem # 5 - 5330 Broadway ARB Case # 930F
Item # 5 - 5330 Broadway ARB Case # 930F
ahcitycouncil
 

More from ahcitycouncil (20)

PPT Item # 8&9 - Demolition Code Amendments
PPT Item # 8&9 - Demolition Code AmendmentsPPT Item # 8&9 - Demolition Code Amendments
PPT Item # 8&9 - Demolition Code Amendments
 
PPT Item # 7 - 231 Encino Avenue (sign. review)
PPT Item # 7 - 231 Encino Avenue (sign. review)PPT Item # 7 - 231 Encino Avenue (sign. review)
PPT Item # 7 - 231 Encino Avenue (sign. review)
 
PPT Item # 5 - 318 Tuxedo Ave. (sign. review)
PPT Item # 5 - 318 Tuxedo Ave. (sign. review)PPT Item # 5 - 318 Tuxedo Ave. (sign. review)
PPT Item # 5 - 318 Tuxedo Ave. (sign. review)
 
PPT Item # 4 - 434 College Blvd. (sign. review)
PPT Item # 4 - 434 College Blvd. (sign. review)PPT Item # 4 - 434 College Blvd. (sign. review)
PPT Item # 4 - 434 College Blvd. (sign. review)
 
Item # 10 -- Historical Presv. Districts
Item # 10 -- Historical Presv. DistrictsItem # 10 -- Historical Presv. Districts
Item # 10 -- Historical Presv. Districts
 
Item #s 8&9 -- Demolition Code Amendment
Item #s 8&9 -- Demolition Code AmendmentItem #s 8&9 -- Demolition Code Amendment
Item #s 8&9 -- Demolition Code Amendment
 
Item # 7 - 231 Encino Ave. (sign. review)
Item # 7 - 231 Encino Ave. (sign. review)Item # 7 - 231 Encino Ave. (sign. review)
Item # 7 - 231 Encino Ave. (sign. review)
 
Item # 5 - 318 Tuxedo Ave. (sig. review)
Item # 5 - 318 Tuxedo Ave. (sig. review)Item # 5 - 318 Tuxedo Ave. (sig. review)
Item # 5 - 318 Tuxedo Ave. (sig. review)
 
Item # 4 - 434 College Boulevard (sign. review)
Item # 4 - 434 College Boulevard (sign.  review)Item # 4 - 434 College Boulevard (sign.  review)
Item # 4 - 434 College Boulevard (sign. review)
 
Item # 1a - May 28, 2024 Special CCM Minutes
Item # 1a - May 28, 2024 Special CCM MinutesItem # 1a - May 28, 2024 Special CCM Minutes
Item # 1a - May 28, 2024 Special CCM Minutes
 
PPT Item # 9 - 2024 Street Maintenance Program(SMP) Amendment
PPT Item # 9 - 2024 Street Maintenance Program(SMP) AmendmentPPT Item # 9 - 2024 Street Maintenance Program(SMP) Amendment
PPT Item # 9 - 2024 Street Maintenance Program(SMP) Amendment
 
PPT Item # 8 - Tuxedo Columbine 3way Stop
PPT Item # 8 - Tuxedo Columbine 3way StopPPT Item # 8 - Tuxedo Columbine 3way Stop
PPT Item # 8 - Tuxedo Columbine 3way Stop
 
PPT Item # 7 - BB Inspection Services Agmt
PPT Item # 7 - BB Inspection Services AgmtPPT Item # 7 - BB Inspection Services Agmt
PPT Item # 7 - BB Inspection Services Agmt
 
PPT Item # 6 - 7001 Broadway ARB Case # 933F
PPT Item # 6 - 7001 Broadway ARB Case # 933FPPT Item # 6 - 7001 Broadway ARB Case # 933F
PPT Item # 6 - 7001 Broadway ARB Case # 933F
 
PPT Item # 5 - 5330 Broadway ARB Case # 930F
PPT Item # 5 - 5330 Broadway ARB Case # 930FPPT Item # 5 - 5330 Broadway ARB Case # 930F
PPT Item # 5 - 5330 Broadway ARB Case # 930F
 
PPT Item # 4 - 525 Argo Avenue ARB Case # 926F
PPT Item # 4 - 525 Argo Avenue ARB Case # 926FPPT Item # 4 - 525 Argo Avenue ARB Case # 926F
PPT Item # 4 - 525 Argo Avenue ARB Case # 926F
 
PPT Item # 2 -- Announcements Powerpoint
PPT Item # 2 -- Announcements PowerpointPPT Item # 2 -- Announcements Powerpoint
PPT Item # 2 -- Announcements Powerpoint
 
Item # 1a -- May 13, 2024 City Council Meeting Minutes
Item # 1a -- May 13, 2024 City Council Meeting MinutesItem # 1a -- May 13, 2024 City Council Meeting Minutes
Item # 1a -- May 13, 2024 City Council Meeting Minutes
 
Item # 4 -- 525 Argo Avenue ARB Case 926F
Item # 4 -- 525 Argo Avenue ARB Case 926FItem # 4 -- 525 Argo Avenue ARB Case 926F
Item # 4 -- 525 Argo Avenue ARB Case 926F
 
Item # 5 - 5330 Broadway ARB Case # 930F
Item # 5 - 5330 Broadway ARB Case # 930FItem # 5 - 5330 Broadway ARB Case # 930F
Item # 5 - 5330 Broadway ARB Case # 930F
 

Recently uploaded

Preliminary findings _OECD field visits to ten regions in the TSI EU mining r...
Preliminary findings _OECD field visits to ten regions in the TSI EU mining r...Preliminary findings _OECD field visits to ten regions in the TSI EU mining r...
Preliminary findings _OECD field visits to ten regions in the TSI EU mining r...
OECDregions
 
A proposed request for information on LIHTC
A proposed request for information on LIHTCA proposed request for information on LIHTC
A proposed request for information on LIHTC
Roger Valdez
 
Researching the client.pptxsxssssssssssssssssssssss
Researching the client.pptxsxssssssssssssssssssssssResearching the client.pptxsxssssssssssssssssssssss
Researching the client.pptxsxssssssssssssssssssssss
DanielOliver74
 
Combined Illegal, Unregulated and Unreported (IUU) Vessel List.
Combined Illegal, Unregulated and Unreported (IUU) Vessel List.Combined Illegal, Unregulated and Unreported (IUU) Vessel List.
Combined Illegal, Unregulated and Unreported (IUU) Vessel List.
Christina Parmionova
 
Bangladesh studies presentation on Liberation War 1971 Indepence-of-Banglades...
Bangladesh studies presentation on Liberation War 1971 Indepence-of-Banglades...Bangladesh studies presentation on Liberation War 1971 Indepence-of-Banglades...
Bangladesh studies presentation on Liberation War 1971 Indepence-of-Banglades...
ssuser05e8f3
 
CFYT Rolling Ads Dawson City Yukon Canada
CFYT Rolling Ads Dawson City Yukon CanadaCFYT Rolling Ads Dawson City Yukon Canada
CFYT Rolling Ads Dawson City Yukon Canada
pmenzies
 
快速办理(Bristol毕业证书)布里斯托大学毕业证Offer一模一样
快速办理(Bristol毕业证书)布里斯托大学毕业证Offer一模一样快速办理(Bristol毕业证书)布里斯托大学毕业证Offer一模一样
快速办理(Bristol毕业证书)布里斯托大学毕业证Offer一模一样
3woawyyl
 
World Food Safety Day 2024- Communication-toolkit.
World Food Safety Day 2024- Communication-toolkit.World Food Safety Day 2024- Communication-toolkit.
World Food Safety Day 2024- Communication-toolkit.
Christina Parmionova
 
快速办理(UVM毕业证书)佛蒙特大学毕业证学位证一模一样
快速办理(UVM毕业证书)佛蒙特大学毕业证学位证一模一样快速办理(UVM毕业证书)佛蒙特大学毕业证学位证一模一样
快速办理(UVM毕业证书)佛蒙特大学毕业证学位证一模一样
yemqpj
 
A Guide to AI for Smarter Nonprofits - Dr. Cori Faklaris, UNC Charlotte
A Guide to AI for Smarter Nonprofits - Dr. Cori Faklaris, UNC CharlotteA Guide to AI for Smarter Nonprofits - Dr. Cori Faklaris, UNC Charlotte
A Guide to AI for Smarter Nonprofits - Dr. Cori Faklaris, UNC Charlotte
University of North Carolina at Charlotte
 
原版制作(英国Southampton毕业证书)南安普顿大学毕业证录取通知书一模一样
原版制作(英国Southampton毕业证书)南安普顿大学毕业证录取通知书一模一样原版制作(英国Southampton毕业证书)南安普顿大学毕业证录取通知书一模一样
原版制作(英国Southampton毕业证书)南安普顿大学毕业证录取通知书一模一样
3woawyyl
 
2024: The FAR - Federal Acquisition Regulations, Part 38
2024: The FAR - Federal Acquisition Regulations, Part 382024: The FAR - Federal Acquisition Regulations, Part 38
2024: The FAR - Federal Acquisition Regulations, Part 38
JSchaus & Associates
 
Contributi dei parlamentari del PD - Contributi L. 3/2019
Contributi dei parlamentari del PD - Contributi L. 3/2019Contributi dei parlamentari del PD - Contributi L. 3/2019
Contributi dei parlamentari del PD - Contributi L. 3/2019
Partito democratico
 
PUBLIC FINANCIAL MANAGEMENT SYSTEM (PFMS) and DBT.pptx
PUBLIC FINANCIAL MANAGEMENT SYSTEM (PFMS) and DBT.pptxPUBLIC FINANCIAL MANAGEMENT SYSTEM (PFMS) and DBT.pptx
PUBLIC FINANCIAL MANAGEMENT SYSTEM (PFMS) and DBT.pptx
Marked12
 
Opinions on EVs: Metro Atlanta Speaks 2023
Opinions on EVs: Metro Atlanta Speaks 2023Opinions on EVs: Metro Atlanta Speaks 2023
Opinions on EVs: Metro Atlanta Speaks 2023
ARCResearch
 
RFP for Reno's Community Assistance Center
RFP for Reno's Community Assistance CenterRFP for Reno's Community Assistance Center
RFP for Reno's Community Assistance Center
This Is Reno
 
Awaken new depths - World Ocean Day 2024, June 8th.
Awaken new depths - World Ocean Day 2024, June 8th.Awaken new depths - World Ocean Day 2024, June 8th.
Awaken new depths - World Ocean Day 2024, June 8th.
Christina Parmionova
 
Donate to charity during this holiday season
Donate to charity during this holiday seasonDonate to charity during this holiday season
Donate to charity during this holiday season
SERUDS INDIA
 
Texas Water Development Board Updates June 2024
Texas Water Development Board Updates June 2024Texas Water Development Board Updates June 2024
Texas Water Development Board Updates June 2024
Texas Alliance of Groundwater Districts
 
Practical guide for the celebration of World Environment Day on june 5th.
Practical guide for the  celebration of World Environment Day on  june 5th.Practical guide for the  celebration of World Environment Day on  june 5th.
Practical guide for the celebration of World Environment Day on june 5th.
Christina Parmionova
 

Recently uploaded (20)

Preliminary findings _OECD field visits to ten regions in the TSI EU mining r...
Preliminary findings _OECD field visits to ten regions in the TSI EU mining r...Preliminary findings _OECD field visits to ten regions in the TSI EU mining r...
Preliminary findings _OECD field visits to ten regions in the TSI EU mining r...
 
A proposed request for information on LIHTC
A proposed request for information on LIHTCA proposed request for information on LIHTC
A proposed request for information on LIHTC
 
Researching the client.pptxsxssssssssssssssssssssss
Researching the client.pptxsxssssssssssssssssssssssResearching the client.pptxsxssssssssssssssssssssss
Researching the client.pptxsxssssssssssssssssssssss
 
Combined Illegal, Unregulated and Unreported (IUU) Vessel List.
Combined Illegal, Unregulated and Unreported (IUU) Vessel List.Combined Illegal, Unregulated and Unreported (IUU) Vessel List.
Combined Illegal, Unregulated and Unreported (IUU) Vessel List.
 
Bangladesh studies presentation on Liberation War 1971 Indepence-of-Banglades...
Bangladesh studies presentation on Liberation War 1971 Indepence-of-Banglades...Bangladesh studies presentation on Liberation War 1971 Indepence-of-Banglades...
Bangladesh studies presentation on Liberation War 1971 Indepence-of-Banglades...
 
CFYT Rolling Ads Dawson City Yukon Canada
CFYT Rolling Ads Dawson City Yukon CanadaCFYT Rolling Ads Dawson City Yukon Canada
CFYT Rolling Ads Dawson City Yukon Canada
 
快速办理(Bristol毕业证书)布里斯托大学毕业证Offer一模一样
快速办理(Bristol毕业证书)布里斯托大学毕业证Offer一模一样快速办理(Bristol毕业证书)布里斯托大学毕业证Offer一模一样
快速办理(Bristol毕业证书)布里斯托大学毕业证Offer一模一样
 
World Food Safety Day 2024- Communication-toolkit.
World Food Safety Day 2024- Communication-toolkit.World Food Safety Day 2024- Communication-toolkit.
World Food Safety Day 2024- Communication-toolkit.
 
快速办理(UVM毕业证书)佛蒙特大学毕业证学位证一模一样
快速办理(UVM毕业证书)佛蒙特大学毕业证学位证一模一样快速办理(UVM毕业证书)佛蒙特大学毕业证学位证一模一样
快速办理(UVM毕业证书)佛蒙特大学毕业证学位证一模一样
 
A Guide to AI for Smarter Nonprofits - Dr. Cori Faklaris, UNC Charlotte
A Guide to AI for Smarter Nonprofits - Dr. Cori Faklaris, UNC CharlotteA Guide to AI for Smarter Nonprofits - Dr. Cori Faklaris, UNC Charlotte
A Guide to AI for Smarter Nonprofits - Dr. Cori Faklaris, UNC Charlotte
 
原版制作(英国Southampton毕业证书)南安普顿大学毕业证录取通知书一模一样
原版制作(英国Southampton毕业证书)南安普顿大学毕业证录取通知书一模一样原版制作(英国Southampton毕业证书)南安普顿大学毕业证录取通知书一模一样
原版制作(英国Southampton毕业证书)南安普顿大学毕业证录取通知书一模一样
 
2024: The FAR - Federal Acquisition Regulations, Part 38
2024: The FAR - Federal Acquisition Regulations, Part 382024: The FAR - Federal Acquisition Regulations, Part 38
2024: The FAR - Federal Acquisition Regulations, Part 38
 
Contributi dei parlamentari del PD - Contributi L. 3/2019
Contributi dei parlamentari del PD - Contributi L. 3/2019Contributi dei parlamentari del PD - Contributi L. 3/2019
Contributi dei parlamentari del PD - Contributi L. 3/2019
 
PUBLIC FINANCIAL MANAGEMENT SYSTEM (PFMS) and DBT.pptx
PUBLIC FINANCIAL MANAGEMENT SYSTEM (PFMS) and DBT.pptxPUBLIC FINANCIAL MANAGEMENT SYSTEM (PFMS) and DBT.pptx
PUBLIC FINANCIAL MANAGEMENT SYSTEM (PFMS) and DBT.pptx
 
Opinions on EVs: Metro Atlanta Speaks 2023
Opinions on EVs: Metro Atlanta Speaks 2023Opinions on EVs: Metro Atlanta Speaks 2023
Opinions on EVs: Metro Atlanta Speaks 2023
 
RFP for Reno's Community Assistance Center
RFP for Reno's Community Assistance CenterRFP for Reno's Community Assistance Center
RFP for Reno's Community Assistance Center
 
Awaken new depths - World Ocean Day 2024, June 8th.
Awaken new depths - World Ocean Day 2024, June 8th.Awaken new depths - World Ocean Day 2024, June 8th.
Awaken new depths - World Ocean Day 2024, June 8th.
 
Donate to charity during this holiday season
Donate to charity during this holiday seasonDonate to charity during this holiday season
Donate to charity during this holiday season
 
Texas Water Development Board Updates June 2024
Texas Water Development Board Updates June 2024Texas Water Development Board Updates June 2024
Texas Water Development Board Updates June 2024
 
Practical guide for the celebration of World Environment Day on june 5th.
Practical guide for the  celebration of World Environment Day on  june 5th.Practical guide for the  celebration of World Environment Day on  june 5th.
Practical guide for the celebration of World Environment Day on june 5th.
 

AH CCM 01.27.20 Item #8 PPT - Second Amendment Verizon

  • 1. FINANCE DEPARTMENT Presented by: Robert Galindo Finance Director SECOND AMENDMENT TO WATER TOWER LICENSE AGREEMENT ITEM # 8 JANUARY 27, 2020
  • 2. SUMMARY  The Second Amendment to Water Tower License Agreement with Cellco Partnership d/b/a Verizon Wireless
  • 3. BACKGROUND  Water Tower License Agreement signed August 2, 2005  Six antennas for a fee of $24,300 ($4,000 per antenna) with a 3% increase each year  Included two extensions of five-years each  First Amendment to Water Tower License Agreement signed April 26, 2010 to move to new water tower  Contract expires August 31, 2020
  • 4. BACKGROUND  Second Amendment is for three terms with each term being five-years for a maximum of fifteen years  The water tower is located behind City Hall  Fee is $14,258 for each antenna ($42,774 first year)  Rate increases 3% each year
  • 5. POLICY ANALYSIS  This resolution is in compliance with being financially responsible by maintaining an existing source of revenue when it’s best for the city.
  • 6. FISCAL IMPACT 3rd 3 antennas 4th 3 antennas 5th 3 antennas Renewal Term License Fee Renewal Term License Fee Renewal Term License Fee August 1, 2020 42,774.00$ August 1, 2025 49,586.79$ August 1, 2030 57,484.68$ August 1, 2021 44,057.22$ August 1, 2026 51,074.39$ August 1, 2031 59,209.22$ August 1, 2022 45,378.94$ August 1, 2027 52,606.62$ August 1, 2032 60,985.50$ August 1, 2023 46,740.30$ August 1, 2028 54,184.82$ August 1, 2033 62,815.06$ August 1, 2024 48,142.51$ August 1, 2029 55,810.37$ August 1, 2034 64,699.51$  This resolution maintains an existing revenue source that was about to expire August 31, 2020.