Title
Sheriff's Department recommending Chairman be authorized to sign retroactive Amendment 1 to Lease Agreement 520-L0311 with Pinnacle Towers Inc, in the amount of $850 per month commencing January 1, 2008 and increasing by $100 each anniversary date thereafter for space in the company's communications vault on Bald Mountain in Georgetown for radio communication equipment.
FUNDING: General Fund
Body
BUDGET SUMMARY: |
|
|
Total Estimated Cost Thru 12/31/1919 |
$201,600 |
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* Annual Schedule Attached |
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|
Funding |
|
|
Budgeted |
$201,600 |
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New Funding |
$ |
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Savings |
$ |
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Other |
$ |
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Total Funding Available |
$201,600 |
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Change To Net County Cost |
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$0 |
Fiscal Impact/Change to Net County Cost: None. Funds are currently included in the Sheriff's operating budget for FY07/08 costs and funding will be budgeted for each year through 12/31/2019
Background: The Sheriff's Office has historically leased space in the communications vault on Bald Mountain for radio communication equipment. In 2004, the County attempted unsuccessfully to purchase the Bald Mountain site to protect itself from siginificant rate increases in future years, but Pinnacle was unwilling to sell that particular site.
Reason for Recommendation: The existing Lease expired on 12/31/2007. Amendment #1 will 1) Extend the lease term for four (4) additional three-year terms, and; 2) Sets the monthly rental rate at $850.00 per month effective 01/01/2008, and; 3) Commencing 01/01/2009, and on each anniversary of such date thereafter, the monthly rent shall be increased by One Hundred Dollars ($100.00) per month.
Action to be taken following Board approval: The Chair will sign the Lease and Sheriff's staff will forward it to Pinnacle Towers, Inc.
Contact: Mary Pierce