The CITY and LICENSEE entered into a Route Specific Communications Facilities License dated February 5, 2001, a First Amendment to Route Specific Communications Facilities License on January 19, 2006, which amended certain terms of the License, a Letter Agreement dated November 23, 2010, which extended the License to February 4, 2016, and a Second Amendment to Route Specific Communications Facilities License on September 16, 2015, which amended certain provisions of the License and extended the term to February 4, 2021. 

CITY and LICENSEE desire to to further amend the License in this Third Amendment to modify the Term and Cost of the License, as well as replace the Exhibit A from the Route Specific Communications Facilities License. 

Approval of this item would renew a license granted to Sprint that permits the installation, operation and maintenance of Sprint communications equipment at City of Plano facilities for a five-year term. Sprint will choose to either pay a lump sum for the entire five-year term in the amount of $118,558, or an annual payment each year of the five-year term, with the first payment being $23,711, and each subsequent annual payment increasing by three percent (3%). The license allows for (2) five-year renewals if the City of Plano and Sprint both agree.

Obtaining revenue by granting a license to telecommunications providers to install, operate and maintain equipment at City of Plano facilities relates to the City's Strategic Plan Critical Success Factor of Excellent, Innovative and Accountable City Government.