TO: Honorable Mayor & Members of the North Port Commission
FROM: A. Jerome Fletcher II, ICMA-CM, MPA, City Manager
TITLE: Approval of the Revised Land Lease Agreement By and Between the North Port Road and Drainage District and 1 Source Towers II, LLC for Construction of a Cellular Tower Located at 3195 Chickasaw Avenue, North Port, Florida 34288.
Recommended Action
Option 1: Approve the revised Land Lease Agreement by and between the North Port Road and Drainage District and 1 Source Towers II, LLC for construction of a cellular tower located at 3195 Chickasaw Avenue, North Port, Florida, 34288.
City Commission Options
Option 1: Approve the revised Land Lease Agreement by and between the North Port Road and Drainage District and 1 Source Towers II, LLC for construction of a cellular tower located at 3195 Chickasaw Avenue, North Port, Florida, 34288.
Pros: Approval allows the cellular tower project to move forward in compliance with the updated Unified Land Development Code (ULDC) requirements. It also generates lease revenue for the District.
Cons: Approval accepts revised financial terms that reduce the District's monthly lease from that previously approved, although the District will receive an increased revenue share from additional broadband tenants.
Option 2: Deny the revised Land Lease Agreement by and between the North Port Road and Drainage District, and 1 Source Towers II, LLC for construction of a cellular tower located at located at 3195 Chickasaw Avenue North Port, Florida, 34288.
Pros: Avoids accepting the proposed reduction in the District’s monthly lease revenue under the revised agreement.
Cons: Denial prevents the revised Land Lease Agreement from taking effect, delaying or preventing construction of the cellular tower and the associated lease revenue to the District.
Background Information
The City Commission previously approved construction of a cellular tower and the associated Land Lease Agreement between the North Port Road ...
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