City Council

6.E. Consideration and Approval of Easement Agreements with TPA VI, LLC for the Purchase of the\nCity’s Lease Interests in Wireless Telecommunication Sites at 101 South Brea Boulevard and 400\nNorth Kraemer Boulevard\n— 1. Find the below-mentioned Easement Agreements exempt from CEQA pursuant to CEQA\nGuidelines Section 15061(b)(3);\n— 2. Approve Easement Agreements and related closing documents with TPA VI, LLC\n(TowerPoint) for purchase of the City’s lease interests in wireless telecommunications sites\nlocated at 101 South Brea Boulevard and 400 North Kraemer Boulevard;\n— 3. Adopt Resolution Nos. 2025-063 and 2025-064 approving execution of the Easement\nAgreements and authorizing the City Manager to execute such Easement Agreements and all\nrelated closing documents upon completion of TowerPoint's title search/commitments as\ndescribed in Attachment I;\n— 4. Authorize the City Manager to administratively make non-substantive revisions to the\nEasement Agreements and related closing documents as necessary or appropriate; and\n— 5. Amend the Fiscal Year 2025-27 City’s General Fund (110) Operating Budget to: a.\nAppropriate up to $1,785,000 in one-time revenue from the new Easement Agreements; and b.\nDe-obligate up to $194,075 (for this budget cycle) in revenue due to the new Easement\nAgreements’ purchase of the City’s interests in the two existing wireless leases.