Title
Authorization to Amend License with Verizon Wireless to Extend the Term (Ordinance S-45556)
Description
Request authorization for the City Manager, or his designee, to amend License 126578 between the City of Phoenix and Verizon Wireless (VAW) LLC, a Delaware limited liability company, d.b.a. Verizon Wireless, to extend the license term for a five-year period, with one, five-year option to renew. Further request authorization for the City Treasurer to accept funds related to this item.
Report
Summary
Verizon Wireless currently licenses approximately 358 square feet of exterior rooftop and sidewall space on the Adams Street Garage, located at 310 W. Adams St., for wireless communications equipment. Verizon Wireless has been a licensee at this location since July 2009 and is in good standing. The current license term expires July 31, 2019. The license fee during the first year of the extended term will be $4,291.69 per month, plus applicable taxes. The license fee will be increased 3 percent annually during the extended term and option period, on the anniversary of the term commencement date.
Contract Term
Five years with one, five-year option to extend.
Financial Impact
Annual revenue will be $51,500.28, plus applicable taxes, during the first year.
Concurrence/Previous Council Action
This contract was approved by Ordinance S-35981, adopted April 1, 2009. It was amended by Ordinance S-38304, adopted Nov. 16, 2011; Ordinance S-39608, adopted Feb. 20, 2013; and Ordinance S-40188, adopted Sept. 4, 2013.
Location
310 W. Adams St. (also known as 324 W. Adams St.), identified by assessor parcel number 112-20-118.
Council District: 7
Department
Responsible Department
This item is submitted by Deputy City Manager Karen Peters and the Public Works and Finance departments.