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HomeMy WebLinkAboutAgenda Report - February 1, 2017 C-11TM CITY OF LODI COUNCIL COMMUNICATION AGENDA ITEM C -'i AGENDA TITLE: Adopt Resolution Authorizing City Manager to Execute Amendment to Lease Agreement with NCWPCS MPL 24 — Year Sites Tower Holdings, LLC, a Delaware Limited Liability Company, by and through its Attorney -In -Fact, CCATT, LLC, a Delaware Limited Liability Company, for Option and Site Lease Agreement at 1331 South Ham Lane MEETING DATE: February 1, 2017 PREPARED BY: Public Works Director RECOMMENDED ACTION: Adopt resolution authorizing City Manager to execute Amendment to Lease Agreement with NCWPCS MPL 24 — Year Sites Tower Holdings, LLC, a Delaware Limited Liability Company, by and through its Attorney - In -Fact, CCATT, LLC, a Delaware Limited Liability Company, for option and site Lease Agreement at 1331 South Ham Lane. BACKGROUND INFORMATION: The original term of this lease was five years, commencing April 24, 1995 and ending April 30, 2000. The lease provided an option for five extensions of five years each, of which four have been exercised by the tenant. The fifth and final extension would have the lease term set to expire on April 30, 2025. The tenant has requested an amendment to this lease that would extend the term by five additional five-year extensions. If all extensions are exercised, the amended lease would expire on April 30, 2050, including the remaining extension from the original lease. These extensions will be automatic unless the tenant notifies the City on intent to not renew. Additional changes to the lease as a part of this amendment include changes to rent escalations and a signing bonus. The current lease provides for rent escalation every five years that is tied to the Consumer Price Index. The City currently receives monthly rent in the amount of $1,100.94. The amendment would change the rent escalations to an annual adjustment of three percent. There would also be a one-time rent increase on May 1, 2025 of 10 percent of the monthly rent in effect for the preceding month. The tenant has also agreed as a part of this amendment to a one-time signing bonus to the City of $50,000, to be paid within 60 days of execution. FISCAL IMPACT: If all extensions are exercised the General Fund will receive approximately $792,190 through 2050, in addition to the one-time, non-refundable $50,000 signing bonus. FUNDING AVAILABLE: Not applicable. 01( Char s E. S imley, Jr. Public Works Director Prepared by Rebecca Areida-Yadav, Public Works Management Analyst CES/RAY/tdb Attachment APPROVED: Stephen Sc ''e%auer, City Manager K:\WP\PROPERTY\MSC\CCATTAmendment1.doc 1/23/17 FIRST AMENDMENT TO OPTION AND SITE LEASE AGREEMENT THIS FIRST AMENDMENT TO OPTION AND SITE LEASE AGREEMENT (the "First Amendment") is entered into this day of , 2016, by and between CITY OF LODI, with a mailing address of P.O. Box 3006, Lodi, California 95241 ("Landlord") and NCWPCS MPL 24 - YEAR SITES TOWER HOLDINGS LLC, a Delaware limited liability company, by and through its attorney in fact, CCATT LLC, a Delaware limited liability company, with a mailing address of 2000 Corporate Drive, Canonsburg, Pennsylvania 15317 (collectively referred to as "Tenant"). RECITALS WHEREAS, Landlord and McCaw Communications of Stockton, Inc. ("Original Tenant") entered into an Option and Site Lease Agreement dated March 3, 1995 ("Lease") whereby Original Tenant leased certain real property, together with access and utility easements, located in San Joaquin County, California from Landlord (the "Premises"), all located within certain real property owned by Landlord (the "Property"); and WHEREAS, NCWPCS MPL 24 - Year Sites Tower Holdings LLC is currently the tenant under the Lease as successor in interest to Original Tenant; and WHEREAS, the Premises may be used for the purpose of constructing, maintaining and operating a communications facility, including tower structures, equipment shelters, cabinets, meter boards, utilities, antennas, equipment, any related improvements and structures and uses incidental thereto; and WHEREAS, the Lease had an initial term that commenced on April 24, 1995 and expired on April 30, 2000. The Lease provides for five (5) extensions of five (5) years each, the first four (4) of which were exercised by Tenant. According to the Lease, the final extension expires on April 30, 2025; and WHEREAS, Landlord and Tenant desire to amend the Lease on the terms and conditions contained herein. 1 Site Name: South Lodi Business Unit #: 845961 NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are acknowledged, Landlord and Tenant agree as follows: 1. Lease Term. Section 5 of the Lease is hereby deleted in its entirety and the following is inserted in their place: The term of this lease (this "Lease") shall be five (5) years, commencing on April 24, 1995 and expiring on April 30, 2000 (the "Initial Term"). Tenant shall have the right to extend this Lease for ten (10) additional five (5) year terms, with the final lease extension expiring on April 30, 2050 (each additional term is referred to as a "Renewal Term"). Each Renewal Term shall be on the same terms and conditions as set forth herein. This Lease shall automatically be renewed for each successive Renewal Term unless Tenant shall notify Landlord of Tenant's intention not to renew this Lease at least ten (10) days prior to the expiration of the Initial Term or any Renewal Term. The Initial Term and any Renewal Term shall be collectively referred to as the "Lease Term." Landlord and Tenant hereby acknowledge that Tenant has exercised the first four (4) Renewal Terms, leaving a balance of six (6) Renewal Terms. 2. Conditional Signing Bonus. Tenant will pay to Landlord a one-time amount of Fifty Thousand and 00/100 Dollars ($50,000.00) for the full execution of this First Amendment ("Conditional Signing Bonus"). Tenant will pay to Landlord the Conditional Signing Bonus within sixty (60) days of full execution of this First Amendment. In the event that this First Amendment (and any applicable memorandum) is not fully executed by both Landlord and Tenant for any reason, Tenant shall have no obligation to pay the Conditional Signing Bonus to Landlord. 3. Regular Rent Escalation. On May 1, 2017, and on the anniversary of that date every year thereafter (each an "Adjustment Date"), the monthly rent shall increase by an amount equal to three percent (3%) of the monthly rent in effect for the month immediately preceding the Adjustment Date ("Regular Rent Escalation"). This Regular Rent Escalation replaces and is in lieu of the regular rent increase scheduled to occur pursuant to Section 7(c) of the Lease on or after May 1, 2017. 4. One -Time Rent Increase. On May 1, 2025, the monthly Rent shall increase by an amount equal to ten percent (10%) of the monthly Rent in effect for the immediately preceding month ("One -Time Rent Increase") in addition to the Regular Rent Escalation that is scheduled to occur pursuant to the Lease on the same date. The Regular Rent Escalation shall be applied 2 Site Name: South Lodi Business Unit #: 845961 first, and then the One -Time Rent Increase shall be applied after the rent is increased pursuant to the Regular Rent Escalation. 5. Cellular Telephones. Section 7(d) of the Lease is hereby deleted in its entirety. 6. Right of First Refusal. Section 16 of the Lease is hereby deleted and the following is inserted in its place: If Landlord receives an offer from any person or entity that owns towers or other wireless telecommunications facilities (or is in the business of acquiring Landlord's interest in the Lease) to purchase fee title, an easement, a lease, a license, or any other interest in the Premises, or Landlord's interest in the Lease, or an option for any of the foregoing, Landlord shall provide written notice to Tenant of said offer, and Tenant shall have a right of first refusal to acquire such interest on the same terms and conditions in the offer, excluding any terms or conditions that are: (a) not imposed in good faith; or (b) directly or indirectly designed to defeat or undermine Tenant's possessory or economic interest in the Premises. If Landlord's notice covers portions of the Property beyond the Premises, Tenant may elect to acquire an interest in only the Premises, and the consideration shall be pro -rated on an acreage basis. Landlord's notice shall include the prospective buyer's name, the purchase price and/or other consideration being offered, the other terms and conditions of the offer, the due diligence period, the proposed closing date and, if a portion of Landlord's parent parcel is to be sold, leased or otherwise conveyed, a description of said portion. If the Landlord's notice shall provide for a due diligence period of less than sixty (60) days, then the due diligence period shall be extended to be sixty (60) days from exercise of the right of first refusal and closing shall occur no earlier than fifteen (15) days thereafter. If Tenant does not exercise its right of first refusal by written notice to Landlord given within thirty (30) days, Landlord may convey the property as described in the Landlord's notice. If Tenant declines to exercise its right of first refusal, then the Lease shall continue in full force and effect and Tenant's right of first refusal shall survive any such conveyance. Tenant shall have the right, upon Landlord's prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed, to assign the right of first refusal to any person or entity, either separate from an assignment of the Lease or as part of an assignment of the Lease. Notwithstanding the foregoing, Tenant shall have the right, at its sole discretion, to assign the right of first refusal to an Affiliate as defined below, either separate from an assignment of the Lease or as part of an assignment of the Lease. Such assignment may occur either prior to or after Tenant's receipt of Landlord's notice and the assignment shall be effective upon written notice to Landlord. For purposes of this Lease, the term "Affiliate" shall mean a person of business entity, corporate of otherwise, that directly or indirectly through one or more intermediaries, controls or is controlled by, or is under common control with Lessee. The term "control" means the right and power, directly or indirectly, to direct or cause the direction of the management and policies of a person or business entity, corporation or otherwise, through ownership or voting securities, by contract or otherwise. 7. Condemnation. Section 14 of the Lease is hereby deleted and the following is 3 Site Name: South Lodi Business Unit #: 845961 inserted in its place: In the event Landlord receives notice of a proposed taking by eminent domain of any part of the Property upon which the Premises or any easements are situated, Landlord will notify Tenant of the proposed taking within five (5) days of receiving said notice and Tenant will have the option to: (i) declare this Lease null and void and thereafter neither party will have any liability or obligation hereunder; or (ii) remain in possession of that portion of the Premises that will not be taken, in which event there shall be an equitable adjustment in rent on account of the portion of the Premises so taken. With either option, Tenant shall have the right to contest the taking and directly pursue an award. Tenant will be entitled to reimbursement for any prepaid rent on a pro rata basis. 8. Government Approvals. If requested by Tenant, Landlord will execute, at Tenant's sole cost and expense, all documents required by any governmental authority in connection with any development of, or construction on, the Premises, including documents necessary to petition the appropriate public bodies for certificates, permits, licenses and other approvals deemed necessary by Tenant in Tenant's absolute discretion to utilize the Premises for the purpose of constructing, maintaining and operating communications facilities, including without limitation, tower structures, antenna support structures, cabinets, meter boards, buildings, antennas, cables, equipment and uses incidental thereto. Landlord agrees to be named applicant if requested by Tenant. Landlord shall be entitled to no further consideration with respect to any of the foregoing matters. 9. Remainder of Lease Unaffected. The parties hereto acknowledge that except as expressly modified hereby, the Lease remains unmodified and in full force and effect. In the event of any conflict or inconsistency between the terms of this First Amendment and the Lease, the terms of this First Amendment shall control. This First Amendment may be executed simultaneously or in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same agreement. The terms, covenants and provisions of this First Amendment shall extend to and be binding upon the respective executors, administrators, heirs, successors, and assigns of the Landlord and Tenant. [Execution Pages Follow] 4 Site Name: South Lodi Business Unit 4: 845961 This First Amendment is executed by Landlord as of the date first written above. LANDLORD: CITY OF LODI By: Print Name: Title: [Tenant Execution Page Follows] 5 Site Name: South Lodi Business Unit #: 845961 Approved as to form r"Cli! Att ty This First Amendment is executed by Tenant as of the date first written above. 6 Site Name: South Lodi Business Unit #: 845961 TENANT: NCWPCS MPL 24 — YEAR SITES TOWER HOLDINGS LLC, a Delaware limited liability company By: CCATT LLC, a Delaware limited liability company, Its: Attorney in Fact By: Print Name: Title: WHEN RECORDED RETURN TO: Prepared by: Parker Legal Group, PC 600 West Broadway, Suite 700 San Diego, California 92101 Space above this line for Recorder's Use A.P.N. 031-040-50 Prior recorded document(s) in San Joaquin County, California: Recorded on May 19, 1995 at #95045372 MEMORANDUM OF FIRST AMENDMENT TO OPTION AND SITE LEASE AGREEMENT This Memorandum of First Amendment to Option and Site Lease Agreement is made effective this day of , 2016 by and between CITY OF LODI, with a mailing address of P.O. Box 3006, Lodi, California 95241 ("Landlord") and NCWPCS MPL 24 - YEAR SITES TOWER HOLDINGS LLC, a Delaware limited liability company, by and through its attorney in fact, CCATT LLC, a Delaware limited liability company, with a mailing address of 2000 Corporate Drive, Canonsburg, Pennsylvania 15317 (collectively referred to as "Tenant"). 1. Landlord and McCaw Communications of Stockton, Inc. ("Original Tenant") entered into an Option and Site Lease Agreement dated March 3, 1995 ("Lease"), a memorandum of which was recorded on May 19, 1995 at Instrument No. 95045372, whereby Original Tenant leased certain real property, together with access and utility easements, located in San Joaquin County, California from Landlord (the "Premises"), all located within certain real property owned by Landlord (the "Property"). The Property, of which the Premises is a part, is more particularly described on Exhibit A attached hereto. Site Name: South Lodi Business Unit #: 845961 Documentary Transfer Tax $ Computed on full value of property Computed on full value less liens and encumbrances remaining at time of sale Computed on full value of lease surpassing the 35 year term limit Computed on leased area of the property Signature of Declarant or agent — Firm Name 2. NCWPCS MPL 24 - Year Sites Tower Holdings LLC is currently the tenant under the Lease as successor in interest to Original Tenant. 3. The Lease had an initial term that commenced on April 24, 1995 and expired on April 30, 2000. The Lease provides for five (5) extensions of five (5) years each, the first four (4) of which were exercised by Tenant (each extension is referred to as a "Renewal Term"). According to the Lease, the final Renewal Term expires April 30, 2025. 4. Landlord and Tenant have entered into a First Amendment to Option and Site Lease Agreement (the "First Amendment"), of which this is a Memorandum, providing for five (5) additional Renewal Terms of five (5) years each. Pursuant to the First Amendment, the final Renewal Term expires on April 30, 2050. 5. By the First Amendment, Landlord granted to Tenant the right of first refusal to purchase all or a portion of the Premises. Additional details of the foregoing right of first refusal are set forth in the First Amendment. 6. If requested by Tenant, Landlord will execute, at Tenant's sole cost and expense, all documents required by any governmental authority in connection with any development of, or construction on, the Premises, including documents necessary to petition the appropriate public bodies for certificates, permits, licenses and other approvals deemed necessary by Tenant in Tenant's absolute discretion to utilize the Premises for the purpose of constructing, maintaining and operating communications facilities, including without limitation, tower structures, antenna support structures, cabinets, meter boards, buildings, antennas, cables, equipment and uses incidental thereto. Landlord agrees to be named applicant if requested by Tenant. Landlord shall be entitled to no further consideration with respect to any of the foregoing matters. 7. In the event of any inconsistency between this Memorandum and the First Amendment, the First Amendment shall control. 8. The terms, covenants and provisions of the First Amendment shall extend to and be binding upon the respective executors, administrators, heirs, successors and assigns of Landlord and Tenant. 9. This Memorandum does not contain the social security number of any person. 10. A copy of the First Amendment is on file with Landlord and Tenant. Site Name: South Lodi Business Unit #: 845961 2 IN WITNESS WHEREOF, hereunto and to duplicates hereof, Landlord and Tenant have caused this Memorandum to be duly executed on the day and year first written above. LANDLORD: CITY OF LODI By: Print Name: Title: [Acknowledgment Appears on Following Page] 3 Site Name: South Lodi Business Unit 4: 845961 Approved as to form City Attorney f� f CALIFORNIA ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA COUNTY OF On before me, , Notary Public, ss. personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose names(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal SIGNATURE OF NOTARY PUBLIC Site Name: South Lodi Business Unit #: 845961 [Tenant Execution Page Follows] 4 (Seal) Site Name: South Lodi Business Unit #: 845961 TENANT: NCWPCS MPL 24 - YEAR SITES TOWER HOLDINGS LLC, a Delaware limited liability company By: CCATT LLC, a Delaware limited liability company Its: Attorney In Fact By: Print Name: Title: [Acknowledgment Appears on Following Page] 5 State of Texas County of Before me, , a Notary Public, on this day personally appeared of CCATT LLC, a Delaware limited liability company, as Attorney in Fact for NCWPCS MPL 24 - YEAR SITES TOWER HOLDINGS LLC, known to me (or proved to me on the oath of or through driver's license, state id card, resident id card, military id card, or passport) to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that she/he executed the same for the purposes and consideration therein expressed. Given under my hand and seal of office this day of , 2016. (Personalized Seal) Notary Public's Signature Site Name: South Lodi Business Unit #: 845961 6 EXHIBIT A (Legal Description of the Property) THE PROPERTY OF WHICH THE PREMISES ARE A PART IS DESCRIBED AS FOLLOWS: A PARCEL OF LAND LOCATED IN THE STATE OF CALIFORNIA, COUNTY OF SAN JOAQUIN, WITH A SITUS ADDRESS OF 1331 S HAM LN, LODI, CA 95242-3904 CURRENTLY OWNED BY LODI CITY OF HAVING A TAX ASSESSOR NUMBER OF 031-040-50. Site Name: South Lodi Business Unit #: 845961 7 RESOLUTION NO. 2017-10 A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING THE CITY MANAGER TO EXECUTE AN AMENDMENT TO THE LEASE AGREEMENT WITH NCWPCS MPL 24 — YEAR SITES TOWER HOLDINGS, LLC, A DELAWARE LIMITED LIABILITY COMPANY, BY AND THROUGH ITS ATTORNEY-IN-FACT, CCATT, LLC, A DELAWARE LIMITED LIABILITY COMPANY, FOR OPTION AND SITE LEASE AGREEMENT AT 1331 SOUTH HAM LANE WHEREAS, the original term of this lease was five years, commencing April 24, 1995, and ending April 30, 2000; and WHEREAS, the lease provided an option for five extensions of five years each, of which four have been exercised by the tenant. The fifth and final extension would have the lease term set to expire on April 30, 2025; and WHEREAS, the tenant has requested an amendment to this lease that would extend the term by five additional five-year extensions, extending the lease to April 30, 2050; and WHEREAS, the current lease provides for rent escalation every five years that is tied to the Consumer Price Index. The amendment would change the rent escalations to an annual adjustment of three percent; and WHEREAS, the Amendment includes a one-time rent increase on May 1, 2025 of 10 percent of the monthly rent in effect for the preceding month; and WHEREAS, the tenant has agreed, as a part of this amendment, to pay a $50,000 one- time signing bonus to the City of Lodi within 60 days of full execution of the Amendment; and WHEREAS, staff recommends that the City Council authorize the City Manager to execute an Amendment to the Lease Agreement with NCWPCS MPL 24 — Year Sites Tower Holdings, LLC, a Delaware Limited Liability Company, by and through its Attorney -In -Fact, CCATT, LLC, a Delaware Limited Liability Company, for option and site Lease Agreement at 1331 South Ham Lane. NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby authorize the City Manager to execute an Amendment to the Lease Agreement with NCWPCS MPL 24 — Year Sites Tower Holdings, LLC, a Delaware Limited Liability Company, by and through its Attorney -In -Fact, CCATT, LLC, a Delaware Limited Liability Company, for option and site Lease Agreement at 1331 South Ham Lane. Dated: February 1, 2017 I hereby certify that Resolution No. 2017-10 was passed and adopted by the City Council of the City of Lodi in a regular meeting held February 1, 2017 by the following vote: AYES: COUNCIL MEMBERS — Chandler, Johnson, Mounce, and Mayor Kuehne NOES: COUNCIL MEMBERS — None ABSENT: COUNCIL MEMBERS — Nakanishi ABSTAIN: COUNCIL MEMBERS — None (J 1r+4ks NIFER M. FERRAIOLO City Clerk 2017-10