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HomeMy WebLinkAboutItem 5.7 First Amendment to the Site Lease Agreement with Wireless Edge Towers III, LLC Agenda Item 5.7 STAFF REPORT CITY COUNCIL Page 1 of 3 DATE: May 19, 2026 TO: Honorable Mayor and City Councilmembers FROM: Colleen Tribby, City Manager SUBJECT: First Amendment to the Site Lease Agreement with Wireless Edge Towers III, LLC Prepared by: Jordan Foss, Senior Management Analyst EXECUTIVE SUMMARY: The City Council will consider approving an amendment to the Site Lease Agreement with Wireless Edge Towers III, LLC for the construction, operation, and maintenance of a wireless telecommunication facility at Fallon Sports Park. The proposed amendment removes the bonus rent section (Section 6(g)), increases the community benefit payment to $150,000, allows for advance renewal term bonuses, and provides the City with a one -time lump sum payment option. STAFF RECOMMENDATION: Adopt the Resolution Approving a First Amendment to the Site Lease Agreement with Wireless Edge Towers III, LLC for the construction, operation, and maintenance of a wireless telecommunication facility at Fallon Sports Park. FINANCIAL IMPACT: The proposed contract amendment increases Wireless Edge’s community-benefit contribution from $100,000 to $150,000 and allows for advance payment of the $10,000 per renewal bonus at the City’s request. The amendment further clarifies that the City shall retain the right to receive a one-time lump sum payment, prorated based on the amount of time remaining on the site lease agreement. 398 Page 2 of 3 DESCRIPTION: Background Eastern Dublin has experienced persistent gaps in wireless service coverage due to residential growth, increased demand for data usage, and limited existing wireless infrastructure. In response to resident concerns and City Council direction, Staff explored opportunities to facilitate improved wireless connectivity through partnerships with private telecommunication infrastructure providers on City-owned property. At the March 24, 2026 City Council meeting, the City Council approved the Site Lease Agreement with Wireless Edge Towers III, LLC (“Wireless Edge”) for the construction, operation, and maintenance of a wireless telecommunication facility at Fallon Sports P ark. After execution of the agreement, Wireless Edge informed Staff of a requested amendment to address certain provisions in the approved agreement. Staff and the City Attorney reviewed the request and determined that the proposed amendments are consisten t with the intent of the original agreement and do not pose a material risk to the City. Proposed Amendments Wireless Edge identified language in the approved Site Lease Agreement to which it could not agree, specifically the “Bonus Rent” provision in Section 6(g). Bonus rent is an amount a tenant might receive from a subtenant that exceeds the rent payable under the lease. Such scenarios can occur when the lease rent is below market, and landlords customarily include provisions that require the tenant to split the bonus rent. Here, Section 6(g) required the tenant to split the bonus rent with the City. Because of the unique structure of the tower lease, which involves Wireless Edge sharing with the City a portion of the rent it receives from the wireless companies occupying the tower, Wireless Edge does not believe the bonus-rent provision is appropriate in this context. The City Attorney, Staff, and the City’s consultant, Horizon Tower, discussed this request and agreed with Wireless Edge, particularly in light of the additional financial benefits of the revised proposal. Alongside its request to remove the Bonus Rent provision, Wireless Edge submitted revised financial terms, including a higher community benefit payment and additional discretionary funding options available to the City:  Increasing the community benefit payment from $100,000 to $150,000 upon commencement of construction.  Allowing advance payment of the bonuses associated with the renewal of the agreement. o The renewal bonuses are designated payments of $10,000 per 10-year period up to five renewals for a total of 50 years. The renewal bonus is paid to the City by Wireless Edge upon renewal of the agreement. o Example: The City could request advance payment of $30,000 to cover three renewal periods; because the advance counts as those renewals, the agreement term is extended by 30 years (three 10-year periods). 399 Page 3 of 3  A provision to allow the City to receive a one-time, lump-sum payment in lieu of future monthly sublease payments. o Lump-sum amounts are prorated based on timing of request by the City (if exercised). o If the provision is exercised, the City would no longer receive monthly sublease payments for the facility for the entirety of the remaining agreement. STRATEGIC PLAN INITIATIVE: None. NOTICING REQUIREMENTS/PUBLIC OUTREACH: The City Council Agenda was posted. ATTACHMENTS: 1) Resolution Approving a First Amendment to the Site Lease Agreement with Wireless Edge Towers III, LLC 2) Exhibit A to the Resolution — First Amendment to the Site Lease Agreement with Wireless Edge Towers III, LLC 3) Site Lease Agreement with Wireless Edge Towers III, LLC 400 Attachment 1 Reso. No. XX-26, Item X.X, Adopted 05/19/2026 Page 1 of 2 RESOLUTION NO. XX – 26 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN APPROVING A FIRST AMENDMENT TO THE SITE LEASE AGREEMENT WITH WIRELESS EDGE TOWERS III, LLC WHEREAS, on March 24, 2026, the City Council adopted Resolution No. 17 -26 approving the Site Lease Agreement (“Agreement”) with Wireless Edge Towers III, LLC (“Wireless Edge”) for the construction, operation, and maintenance of a wireless telecommunication facility at Fallon Sports Park; and WHEREAS, following execution of the Agreement, Wireless Edge identified certain provisions within the Agreement that required modification, including the “Bonus Rent” provision contained in Section 6(g); and WHEREAS, Wireless Edge requested that the Bonus Rent provision be removed due to the unique structure of the tower lease arrangement, which already provides the City with a share of revenue received from wireless carriers occupying the tower facility; and WHEREAS, the City Attorney, City Staff, and the City’s telecommunications consultant, Horizon Tower, reviewed the requested amendments and determined that the proposed revisions would not alter the intent of the Agreement or create additional risk to the City; an d WHEREAS, as part of the proposed amendments, Wireless Edge agreed to increase the community benefit payment from $100,000 to $150,000 upon commencement of construction, allow for advanced payment of renewal bonuses at the City’s request , and clarify the City’s right to receive a one-time lump sum payment prorated based on the remaining lease term , only to be exercised at the City’s discretion. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does hereby approve the First Amendment to the Agreement with Wireless Edge, attached hereto as Exhibit A. BE IT FURTHER RESOLVED that the City Manager is authorized to make any necessary, non - substantive changes to carry out the intent of this Resolution. {Signatures on the following page} 401 Reso. No. XX-26, Item X.X, Adopted 5/19/2026 Page 2 of 2 PASSED, APPROVED AND ADOPTED BY the City Council of the City of Dublin, on this 19th day of May, 2026 by the following vote: AYES: NOES: ABSENT: ABSTAIN: ______________________________ Mayor ATTEST: _________________________________ City Clerk 402 Attachment 2 Exhibit A to the Resolutio n FIRST AMENDMENT TO WIRELESS TELECOMMUNICATIONS FACILITY LEASE AGREEMENT THIS FIRST AMENDMENT TO WIRELESS TELECOMMUNICATIONS FACILITY LEASE AGREEMENT (the "Amendment"), dated as of _______ , 2026 (the "Effective Date"), is made by and between City of Dublin, whose address is 100 Civic Plaza, Dublin, CA 94568 ("Landlord") and Wireless EDGE Towers III, LLC, a Delaware limited liability company, whose address is 38 West Market Street, Rhinebeck, NY 12572 ("Tenant"). W I T N E S S E T H: WHEREAS, Landlord and Tenant entered into that certain Wireless Telecommunications Facility Lease Agreement, dated as of ________ , 2026 (the "FLA"); and WHEREAS, Landlord and Tenant now desire to amend the FLA upon the terms, conditions and provisions set forth herein. NOW, THEREFORE, in consideration of the mutual agreements herein contained, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 1.Definitions. All defined terms used in this Amendment, unless otherwise defined herein or superseded hereby, shall have the respective meanings ascribed thereto under the FLA. (a)Subsection 3(c) of the FLA is deleted in its entirety and replaced with the following: (c)Community Benefit Bonus: In addition, Tenant shall pay to Landlord a one-time bonus payment of One Hundred Fifty Thousand Dollars ($150,000) payable within ten (10) business days of receipt of all Governmental Approvals, including a building permit to construct the facility. (b)Subsection 3( d) of the FLA is deleted in its entirety and replaced with the following: (d)Renewal Term Bonuses: In addition, Tenant shall pay to Landlord a one- time fee payment of Ten Thousand Dollars ($10,000) each for each Renewal Term payable prior to start of the applicable Renewal Term. Landlord shall have the option of receiving any or all of the Renewal Term Bonuses in advance, on at least thirty (30) days prior written notice to Tenant. 3.Assignment and Subletting. (a)Subsection 6(c) is amended by adding the following to the end thereof: 1 May 19 March 24 403 404 Attachment 3 WIRELESS TELECOMMUNICATIONS FACILITY LEASE AGREEMENT This Wireless Telecommunications Facility Lease Agreement (''Lease") is entered into as of the 24th day of March, 2026 (the "Effective Date") by and between the City of Dublin, whose address is l 00 Civic Plaza, Dublin, CA 94568 ("Landlord") and Wireless EDGE Towers III, LLC ("Tenant"), a Delaware limited liability company, whose address is 38 West Market Street, Rhinebeck, NY 12572. WITNESS ETH: WHEREAS, Landlord is the owner of certain real property more pa1ticularly described on Exhibit "A" attached hereto (the ·'Property''); and WHEREAS, Landlord and Tenant are entering into this Lease for a portion of the Property measuring approximately twenty-seven (2700) square feet as more particularly described on Exhibit "B'' attached hereto (the "Premises") to permit Tenant to develop the Premises as a wireless telecommunications facility; and WHEREAS, in order to develop the Premises, Tenant shall construct a tower, as generally depicted on Exhibit "C" attached hereto (collectively, the "Structure"), as well as equipment sheds and related facilities and improvements to accommodate multiple wireless Co-locators (as hereinafter defined) as well as Landlord's public service antennas; and WHEREAS, Tenant intends to market portions of the Structure and Premises to wireless carriers ("Co-locators"), and to enter into appropriate agreements with such Co-locators to use the Structure and Premises; and WHEREAS, during the period of the Co-locators' use of the Structure and the Premises, Tenant shall manage the Premises by performing the services described on Exhibit "D" attached hereto (the "Antenna Site Management Responsibilities"); NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Landlord and Tenant hereby agree as follows: l)Premises. Landlord hereby leases to Tenant the Premises and Tenant hereby leases from Landlord the Premises upon the terms and conditions contained in this Lease. 2)Term. (a)The Initial Term of the Lease shall be ten (I 0) years (the "Initial Term"), commencing upon the earlier of: (i) the date that Tenant starts the actual construction on the Premises; or (ii) twenty-four (24) months from the Effective Date (the "Commencement Date"); WEC-CA-01 Fallon Sport Park - Dublin 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427