Title
Authorizing lease and parkland diversion for T-Mobile at Edgcumbe Rec Center
Body
WHEREAS, the City of Saint Paul, Department of Parks and Recreation ("Parks & Recreation"), owns park land known as Edgcumbe Recreation Center, located at 320 Griggs Street South (the "Rec Center Property"); and
WHEREAS, T-Mobile Central, LLC ("T-Mobile") has requested use of portions of the Rec Center Property for the installation and operation of cellular communications equipment, including underground cabling, utility lines, a cell tower, antennas, cabinet and ancillary equipment, as shown on Exhibit A; and
WHEREAS, T-Mobile has been negotiating a 15-year lease with Parks & Recreation for said communications activities, which will provide over $16,000 in annual revenues for Rec Center Property operations and maintenance without disrupting recreational services to the community; and
WHEREAS, the placement of said communications equipment on the Rec Center Property will constitute a diversion of park land in accordance with Section 13.01.1 of the City Charter; and
WHEREAS, T-Mobile has requested the diversion of said Rec Center Property for use by T-Mobile for its proposed communications activities, as depicted on the drawing attached hereto as Exhibit B, a copy of which is on file in the Office of Financial Services, Real Estate Section, file number 06-PKLDVRS-2010; and has agreed to pay just compensation as determined by an independent appraisal pursuant to Section 13.01.1 of the Saint Paul City Charter; and
WHEREAS, Parks & Recreation recommends granting to T-Mobile a 15-year lease for the use of the Rec Center Property for said communications activities; and further recommends approval of the diversion of the Rec Center Property; and
WHEREAS, the Saint Paul Parks & Recreation Commission recommends diversion of the the Rec Center Property, as stated in its resolution adopted October 13, 2010, and shown on Exhibit C; now, therefore be it
RESOLVED, that the proper city officials are hereby authorized and directed to execute said lease with T-Mobile for T-Mobile's use of the Rec Center Property in a form and content substantially as set forth in Exhibit D; to accept just compensation from T-Mobile; to deposit the appropriate portion of the lease payment into the Parkland Replacement Fund, which is to be held in reserve for future purchase of park property as required in Chapter 13.01.1 of the City Charter; and to be fully compensated by T-Mobile for all fees required by the City to comply with its parkland diversion guidelines.
Financial Analysis
Please see attached Financial Analysis sheet