REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF THE COUNTY OF SAN BERNARDINO
AND RECORD OF ACTION
June 23, 2020
FROM
TERRY W. THOMPSON, Director, Real Estate Services Department
BRENDON BIGGS, Interim Director, Department of Public Works
SUBJECT
Title v
Amendment No. 3 to Revenue Lease Agreement with NCWPCS MPL 24 - Year Sites Tower Holdings LLC for County-owned Land in Fontana
End
RECOMMENDATION(S)
Recommendation
Approve Amendment No. 3 to Lease Agreement No. 12-738 with NCWPCS MPL 24 - Year Sites Tower Holdings LLC, as tenant, to confirm the tenant's automatic exercise of the first of its three five-year options to extend the term of the lease for the period November 1, 2018 through October 31, 2023, reflect the tenant's concurrent early exercise of the second and third of its three five-year options to extend the term of the lease for the period of November 1, 2023 through October 31, 2033, confirm the existing rent schedule from November 1, 2018 through June 30, 2020, adjust the rental schedule from July 1, 2020 through October 31, 2033, and update standard lease agreement language for a portion of County-owned land, Assessor Parcel Number (APN) 0234-231-03, in Fontana for the Department of Public Works-Transportation for revenue in the amount of $822,100.
(Presenter: Terry W. Thompson, Director, 387-5000)
Body
COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Operate in a Fiscally-Responsible and Business-Like Manner.
FINANCIAL IMPACT
Approval of this item will not result in the use of Discretionary General Funding (Net County Cost). The total revenue to be received by the Department of Public Works - Transportation (DPW-T) (6650002004) during the period of the proposed amendment is $822,100. Annual lease revenue, which confirms the existing rent from November 1, 2018 through June 30, 2020 and adjusts the rent from July 1, 2020 through October 31, 2033 as follows:
Period
Annual Lease Revenue
November 1, 2018 to Octob...
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