HomeMy WebLinkAbout2025-04-21 I01F_05 Lease Agr_1255 3rd St_VerizonAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: April 21, 2025
AGENDA ITEM:Consideration of approval of a resolution approving Amended and
Substituted Lease Agreement, 1255 3rd Street Site, with Cellco
Partnership, d/b/a/ Verizon Wireless
FORMAT:Resolution
SYNOPSIS INCLUDING PRO & CON: The original lease agreement was approved by City
Council on April 18, 2016 (RES# 16-134) allowing Verizon Wireless to rent space to install
antennas on the City’s existing water tower. From the effective date of the Amended and
Substituted Lease from 1st day of May, 2025, Landlord nonexclusively leases to Tenant and
Tenant nonexclusively leases from the landlord a portion of the Property, consisting of space on
the new water tower’s roof for antennas and a fifteen (15’) by seven foot (7’) floor space located
on the second floor of the new water tower which shall contain equipment appurtenant to the
antennas. Effective date of the lease will be August 1, 2025.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: $42,434.37 Annual Rent for
calendar year 2025 with a 3% annual escalator.
COMMISSION/BOARD/COMMITTEE COMMENT:
STAFF REVIEW AND COMMENT:
RECOMMENDATION: Approve the resolution.
ATTACHMENTS: I. Resolution
II. Amended and Substituted Lease Agreement
PREPARED BY:Lisa Bauman
REVIEWED BY:Rudy Koester RK
I1F5
THE CITY OF WAUKEE, IOWA
RESOLUTION 2025-
APPROVING AMENDED AND SUBSTITUED LEASE AGREEMENT FOR 1255 3RD
STREET SITE WITH CELLCO PARTNERSHIP, D/B/A VERIZON WIRELESS
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF WAUKEE, IOWA
WHEREAS, the City of Waukee, Dallas County, State of Iowa, is a duly organized Municipal
Organization; AND,
WHEREAS, the City approved the original Lease Agreement on April 18, 2016 (RES #2016-
134) and as amended by Amendment No. 1 to Lease Agreement dated August 10, 2022, allowing
Verizon to install 9 directional antennae’s and connecting cables on the existing water tower;
AND,
WHEREAS, the Tenant and City desire an Amended and Substituted Lease Agreement to
document the relocation and modifications to the Verizon owned facilities equipment to be
relocated on the new water tower; AND,
WHEREAS, the 2025 rent shall be $42,434.37 per year due August 1, 2025 and an annual
escalator of 3% shall be applied to the annual rent.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Waukee that the
Amended and Substituted Lease Agreement, 1255 3rd Street Site between Cellco Partnership,
d/b/a Verizon Wireless. and the City of Waukee, Iowa is hereby approved.
Passed by the City Council of the City of Waukee, Iowa, and approved the 21st day of April
2025.
____________________________
Courtney Clarke, Mayor
Attest:
_____________________________
Rebecca D. Schuett, City Clerk
RESULTS OF VOTE: AYE NAY ABSENT ABSTAIN
R. Charles Bottenberg
Chris Crone
Rob Grove
Anna Bergman Pierce
Ben Sinclair