HomeMy WebLinkAboutResolutions - No. 2013-153RESOLUTION NO. 2013-153
A RESOLUTION OF THE LODI CITY COUNCIL
APPROVING AND AUTHORIZING CITY MANAGER TO
EXECUTE AMENDMENT TO LEASE AGREEMENT
WITH T -MOBILE WEST, LLC, FOR GROUND SPACE
LEASE AT 1331 SOUTH HAM LANE
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WHEREAS, the original term of the lease between T -Mobile West, LLC, for
ground space at 1331 South Ham Lane was for a ten-year period, commencing on
July 1, 1999 and ending on June 30, 2009; and
WHEREAS, the option for a five-year lease extension was exercised, extending
the lease to June 30, 2014; and
WHEREAS, the amendment to this agreement provides for two additional and
successive five-year option periods and will allow for automatic extensions of the
contract through June 30, 2024; and
WHEREAS, the City currently receives monthly rent in the amount of $756.29
and the lease allows for a yearly rent escalator of 3 percent.
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby
approve an amendment to the lease agreement with T -Mobile West, LLC, for ground
space at 1331 South Ham Lane; and
BE IT FURTHER RESOLVED that the City Council does hereby authorize the
City Manager to execute the amendment.
Dated: August 21, 2013
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I hereby certify that Resolution No. 2013-153 was passed and adopted by the
City Council of the City of Lodi in a regular meeting held August 21, 2013, by the
following vote:
AYES: COUNCIL MEMBERS — Hansen, Johnson, Katzakian, Mounce, and
Mayor Nakanishi
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — No!&OHL-OLSON
City Clerk
2013-153