| | | | | | | |  | CITY OF PLANO
COUNCIL AGENDA ITEM |
|
| | | | | | | | Council Meeting Date: 6/12/2017
Department: Gov Relations
Department Head: Brandi Youngkin
Agenda Coordinator: Jennifer Morvant |
| | | | | | | |
CAPTION
To approve the terms and conditions of a Second Amendment to Communications Facilities License by and between the City of Plano, Texas, and Sprint Spectrum Realty Company, LLC, a Delaware limited liability company, authorizing its execution by the City Manager; and providing an effective date. APPROVED |
| | | | | | | |
FINANCIAL SUMMARY Revenue
|
| FISCAL YEAR: 2016-17 thru 2023-24 |
Prior Year
(CIP Only) |
Current
Year
|
Future
Years
|
TOTALS |
| Budget |
0 |
0 |
0 |
0 |
| Encumbered/Expended Amount |
0 |
0 |
0 |
0 |
| This Item |
0 |
23,805 |
273,255 |
297,060 |
| Balance |
0 |
23,805 |
273,255 |
297,060 |
FUND(S): Water & Sewer Fund
|
|
| | | | | | | |
COMMENTS: This item is to approve a Second Amendment to Communications Facilities License increasing the rental fee from $1,972 to $3,334 per month beginning in July 2017. The agreement includes an annual rental fee increase of 3% for each of the remaining years. The annual revenue for 2016-17 Budget year is $23,805. The future revenue from 2017-18 through 2023-24 Budget years is $273,255. |
| | | | | | | |
SUMMARY OF ITEM
Approval of this item amends an existing Communications Facilities License originally approved by City Council on December 5, 2008, and a First Amendment to Communications Facilities License on February 25, 2013, modifying rental fees and updating equipment.
Strategic Plan Goal:
Financially Strong City with Service Excellence, Partnering for Community Benefit
Plano Tomorrow Plan Pillar:
Economic Environment |
|
|