The City of Plano, Texas ("Licensor") and T-Mobile West LLC ("Licensee") entered into a Communications Facilities License dated November 17, 2000, a First Amendment to Communications Facilities License on April 3, 2013, and a Second Amendment to Communications Facilities License on October 2, 2016, whereby Licensor licensed to Licensee certain Premises, therein described, that are a portion of the Property located at 2409 W. Plano Parkway, Plano, Texas. 

Licensor and Licensee desire to modify, as set forth herein, the rent payable under the Agreement and modify the Site Plan as currently included in the Agreement to alter and make improvements to the Property or Premises as indicated on the Site Plan attached hereto as Appendix "A". 

Based upon the Site Plan attached hereto as Appendix "A" and pursuant to the City of Plano's existing rate structure for the attachment of communications facilities to City water towers, approval of the Site Plan attached hereto as Appendix "A", will result in a modified rent payment becoming due for the remaining term of the Agreement. 

This item is to approve a Third Amendment to increase the rental fee for the Communications Facilities License Agreement from $1,724 to $5,063 per month beginning in September 2021. The Agreement includes an annual rental fee increase of 3% for each of the remaining years. The annual revenue for 2020-21 Budget year is $20,685. The future revenue from 2021-22 through 2030-31 Budget years is $642,488.

Approval of this Third Amendment relates to the City's Strategic Plan Critical Success Factor of Excellent, Innovative, and Accountable City Government.