Long Beach
Utilities Commission
3.
25-56725
25-56726
Approve recommendation.
Recommendation to authorize the General Manager to execute any and all
documents necessary to amend Lease No. WDL-79 with Los Angeles SMSA
Limited Partnership, dba Verizon Wireless, for the cellular communications tower
and associated infrastructure located within the 32nd Street Booster Pump Station
site, to extend the lease term through October 31, 2029, with five consecutive
automatic five-year extensions; to increase the monthly rent to $5,003.06, subject
to a two percent annual increase; and to accept a one-time signing bonus of
$10,000 to be paid by the lessee.
Suggested Action: