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SBA Communications Corporation <br /> 8051 Congress Avenue <br /> Boca Raton, FL 33487-1307 <br /> T+ 561.226.9522 <br /> F+ 561.226.3558 <br /> ® sbasite.com <br /> Via Email: bhagen(aD-cityoframsey.com <br /> December 9, 2023 <br /> Brian Hagen, City Administrator <br /> City of Ramsey <br /> 7500 Sunwood Drive <br /> Ramsey, MN 55303 <br /> Phone: 763-760-9539 <br /> RE: MN41323-T Alpine Park Lease Extension Proposal/ Location: 6600 Alpine Drive NW <br /> Dear Brian: <br /> SBA would be happy to extend the current lease as follows: <br /> 1. 25 year Lease Extension in 5-year terms <br /> 2. $25,000 Signing Bonus <br /> 3. Increase rent to $2200/mo on 1/1/2025 in lieu of CPI rent increase <br /> 4. Keep your CPI Escalation every 5 years <br /> 5. Right Of First Refusal for leased area only/no exclusivity <br /> Because the ground lease ends 12/31/2029, the existing tenants or any new tenant that may consider leasing space on the <br /> tower will look at the length of the ground lease and may be reluctant to upgrade or install costly equipment with only 6 <br /> years left on the lease. <br /> By going forward with a lease extension, you give the carriers on the tower the confidence to make large capital <br /> investments in upgrading their equipment. The longevity of the tower lease may in turn help secure your rent for years to <br /> come so you may enjoy the benefit of monthly lease payments for the extended period, or until you are ready to take <br /> advantage of a lease buyout from SBA. Please advise if the above terms are acceptable to you. <br /> We welcome the opportunity to keep the lines of communication open and look forward to answering any questions you <br /> may have regarding the easement extension offer. Please do not hesitate to call me at 561-226-9458. Thank you for your <br /> consideration. <br /> Sincerely, <br /> kaaw/*f6 <br /> Katherine Kaplan <br /> Real Estate Acquisition Specialist <br /> 800-799-4722 x9458 + P <br /> 561-226-9458 + P <br /> 561-226-3559 + F <br /> kkaplan(a-sbasite.com <br />