Agenda - Council - 09/25/2007 - Laserfiche WebLink

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SITE NAME: CITY OF RAMSEYIALPINE PARK SITE SITE AGREEMENT This Site Agreement ("Agreement") is made as of this day of 2007, by and between the City of Ramsey ("Owner"), whose address is 7500 Sunwood Drive NW, Ramsey, Minnesota 55303 and T-Mobile Central LLC, ("T-Mobile") a Delaware limited liability company, whose address is 12920 SE 38th Street, Bellevue, W A 98006 , for the leasing of certain property interests at Alpine Park in the City of Ramsey, Minnesota 55303 pUrsuant to the following terms: 1. PROPERTY. Owner hereby leases to T-Mobile a portion of Owner's real property ("Property") described in Exhibit "A" attached hereto, comprised of approximately 1600 square feet of land on which to construct a 165 foot high monopole communications tower and locate broadcast facilities equipment, together with a non-exclusive easement across the Property for access, and non-exc1usiye easements to run utility lines and cables, as described in Exhibit "B" attached hereto and subject to the specifications shown and described on said Exhibit "B" (collectively referred to as the "Premises"). 2. TERM. The initial term of this Agreement (sometimes referred to herein as "this Lease") shall begin on the "Commencement Date" (as hereinafter defined) and subject to the terms of Paragraph 15 _ TERMINATION, shall end on December 31, 2013(the "Initial Term") . The Commencement Date shall be thedate on which all conditions precedent (studies) detailed in paragraph_have been met. 1fT-Mobile has not notified Owner in writing prior to April 30, 2008 that all of said conditions precedent have been met or . waived, then the Agreement shall be null and void as of said date. T -Mobile shall pay to the Owner an option payment of $750.00 per month from the date of this Agreement through April 30, 2008. . 3. RENT. T-Mobile shall pay Owner rent annually, on a calendar year basis, in advance beginning ten (10) days after the Commencement Date for the first year and thereafter on the first (1 st) day of January of each year of this Lease term. The annual rent for the first year shall be Eighteen Thousand and 00/100 Dollars ($18,000.00) ("Initial Annual Rent"), together with any applicable sales tax. Rent for any initial partial year will be prorated. The annual rent for each subsequent year shall be increased by: (a) the greater of three perce.nt (3%) on January 1st. of the previous year's a annualized rental; or (b) by an amount equal to the increase in the Consumer Price Index ("CIP"). The CPl shall mean the "Consumer Price Index - for All Urban Consumers, All Cities, All Items (1967 = 100)" as published by the United States Department of Labor Statistics, or if such index shall be discontinued, the successor index, or if there shall be no successor index, such comparable index as mutually agreed upon by the parties. To determine the annual rental increase to be paid by T-Mobile under a CPl adjuster, the annualized rental for the previous year shall be multiplied by a percentage figure, computed from a fraction, the numerator of which shall be the CPl for the third quarter of the preceding year and the denominator of which shall be the CIP for the corresponding quarter of one year earlier. Such fraction shall be converted to a -239-