City Council

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