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HomeMy WebLinkAbout~Master - Resolution approving fourth amendment to lease with T-Mobile Central LLC, for cellular antennas on BRET water towerRESOLUTION NO. 25-476 RESOLUTION APPROVING FOURTH AMENDMENT TO LEASE WITH T-MOBILE CENTRAL LLC, FOR CELLULAR ANTENNAS ON BRET WATER TOWER FOR THE CITY OF AMES, IOWA WHEREAS, in 1996, the City entered into an agreement to lease space on the BRET water tower, 2521 Bloomington Road, to Western Wireless. Through a series of reorganizations, the lease is currently held by T-Mobile Central, LLC. The lease is currently in its final five-year renewal term, and is set to expire on December 31, 2026. T-Mobile has requested an amendment to provide for ten additional five -year renewal terms beginning January 1, 2027; and, WHEREAS, the rent received by the City under the agreement is currently $2,011.36 per month. Under the existing lease, the rent charged to T -Mobile increases by 15% or the change in the Consumer Price Index (CPI) during the previous five -year term, whichever is greater. For the amended lease, T-Mobile requested to eliminate the CPI provision, leaving the rent to increase by the fixed 15% every five years; and, WHEREAS, despite the CPI provision not being frequently exercised, City staff believes it is an important protection. In response to City staff's concerns, T -Mobile has agreed to retain the 15% or CPI provision for rent increases, but an increase related to CPI would be capped at 20%. Based on the City's experience with this provision, City staff is recommending accepting this modification; and, WHEREAS, no other substantive provisions of the lease are modified with the proposed lease amendment. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa, that the fourth amendment to lease with T-Mobile Central LLC, for cellular antennas on BRET water tower is hereby approved. ADOPTED THIS 23rd day of September, 2025. _______________________________ _________________________________ Renee Hall, City Clerk John A. Haila, Mayor Introduced by: Junck Seconded by: Betcher Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Junck, Rollins Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 23rd day of September, 2025.