To: Honorable Mayor and Members of Town Council
From: Brad Boland, Planner I, Development Services
Title
Ordinance Approving Lease Agreements between Town of Castle Rock and Verizon Wireless (VAW) LLC for Wireless Communication Facilities at Butterfield Crossing Park and Philip S. Miller Park (Second Reading - Approved on First Reading on July 18, 2017 with a vote of 6-0)
Body
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Executive Summary
On July 18, 2017, Town Council approved two Use by Special Review applications by Verizon Wireless (VAW) LLC for wireless facilities located at Butterfield Crossing Park and Philip S. Miller Park. Verizon Wireless is proposing lease agreements that run for five years that include four automatically renewing five year terms. Verizon has proposed a yearly total of $4,200 for the Butterfield Crossing Park site and $9,000 total for the Philip S. Miller Park sites. On July 18, 2017, Town Council voted 6-0 to approve the leases on first reading.
Town Council previously heard two Use by Special Review applications by Verizon Wireless (VAW) LLC for wireless facilities located at Butterfield Crossing Park and Philip S. Miller Park. If approved, Verizon Wireless (VAW) LLC will be required to enter into lease agreements with the Town. Verizon Wireless is proposing lease agreements that run for five years that include four automatically renewing five year terms. Verizon has proposed a yearly total of $4,200 for the Butterfield Crossing Park site and $9,000 total for the Philip S. Miller Park sites.
Budget Impact
The Town will collect rent in the amount of $350 per month ($4,200 yearly) per the terms of the Butterfield Crossing Park lease agreement and $750 per month ($9,000 yearly) per the terms of the Philip S. Miller Park lease agreement.
Staff Recommendation
Staff recommends approval of the ordinance authorizing the lease agreements and will execute the leases if Town Council were to approve them.
Proposed Motion
I move to approve the Ordinance as introduced by title, second reading.
Attachments
Attachment A: Ordinance
Exhibit 1: Butterfield Crossing Park Lease Agreement
Exhibit 2: Philip S. Miller Park Lease Agreement