City Council

5. AUTHORIZE THE CITY MANAGER TO ENTER INTO A FIBER LEASE REVENUE AGREEMENT WITH\nARTCENTER COLLEGE OF DESIGN FOR $286,026 FOR THE INITIAL THREE-YEAR TERM\nWITH TWO OPTIONAL THREE-YEAR EXTENSIONS (DoIT)\nRecommendation: It is recommended that the City Council:\n(1) Find that the proposed action in the agenda report is exempt from the California Environmental\nQuality Act ("CEQA") pursuant to State CEQA Guidelines Section 15301(c) (Existing Facilities);\n(2) Authorize the City Manager to enter into a lease agreement with ArtCenter College of Design for\nuse of City fiber, resulting in up to $286,026 in revenue to the City over the initial three-year term of the\nagreement; and\n(3) Authorize the City Manager to extend the agreement with ArtCenter College of Design for two\noptional three-year terms in the amount of $296,036 for the first extension, and $306,398 for the second\nextension, for a maximum term of nine years, and revenue up to $888,460.