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AMENDMENT NO. ONE TO CONTRACT K-1011-82: : A CONTRACT BY AND BETWEEN THE CITY OF NORMAN AND SPRINT SPECTRUM REALTY COMPANY, L.P., TO INSTALL NEW AND EXPANDED TELECOMMUNICATIONS EQUIPMENT ON THE LINDSEY STREET MONOPOLE AT 668 EAST LINDSEY STREET AS PART OF THE LEASE AGREEMENT WITH A ONE-TIME PAYMENT TO THE CITY OF NORMAN IN THE AMOUNT OF $3,000.
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BACKGROUND: On April12, 2011 Contract K-0607-141 with Sprint Spectrum L.P to lease space for telecommunications equipment on the Lindsey Street Water Tower was terminated and Contract K-1011-82 by and between the City of Norman and Sprint Spectrum, L.P. for the relocation of telecommunications equipment from the Lindsey Street water tower to the monopole at 668 East Lindsey Street was approved.
DISCUSSION: Sprint notified Staff of its intention to install new and expanded telecommunication equipment on the monopole in December 2014. Due to the nature of the proposed changes and the fact that there will be a testing period of the additional equipment for six to nine month, Staff requested that the one-time payment of $1500 be increased to $3000. Staff has negotiated the terms of Amendment No. 1 to Contract K-1011-82. The amendment includes: (1) Exhibit B-1 which details the modification of equipment on the monopole and (2) increases the one-time payment to $3000 to be paid to the City of Norman within 30 days after execution of the Amendment by both parties. The current contract with Sprint on the Lindsey Street monopole specifies a 70/30 revenue split between two accounts. The funds would be allocated into the following accounts per that agreement as follows; $2100 (70%) will be deposited into account Rental/Water Towers Fund 031-0000-363.15-82 and $900 (30%) will be deposited into account Rental/Cell Towers Fund 010-0000-363.15-78.
RECOMMENDATION: Staff recommends the City of Norman approve Amendment No. 1 to Contract K-1011-82 with Sprint Spectrum Realty Company L.P. The funds would be allocated into the following accounts per that agreement as follows; $2100 (70%) will be deposited into account Rental/Water Towers Fund 031-0000-363.15-82 and $900 (30%) will be deposited into account Rental/Cell Towers Fund 010-0000-363.15-78.