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New Business - Real Estate

Title: RE-3 Okeeheelee MS/Sprint Spectrum-Generator Installa

Recommendation:

I recommend the School Board approve the First Amendment to Site Specific Memorandum to Master Lease Agreement with Sprint Spectrum Realty Company to lease additional ground space at Okeeheelee Middle School; and authorize the Superintendent and Chairman to sign all necessary documents.

Description:

 

•            On July 9, 1996 the School Board approved a Site Specific Memorandum to Master Lease Agreement/Gift Agreement/Agreement Respecting Construction and Placement of Telecommunications Facilities for six-hundred (600) square feet of ground space for a Telecommunications tower at Okeeheelee Middle School. (Exhibit “A”)

 

•            Sprint is requesting to amend the Site Specific Memorandum to lease an additional one-hundred and thirty (130) square feet for the installation of a generator.

 

•            The Amendment provides for a 30 kilowatt permanent generator.

 

•            The generators will provide emergency back-up power for the communication equipment.

 

•            Sprint will be responsible for all permitting, approval and installation of the generator at Sprint’s expense.

 

•            Sprint will pay in advance an additional $2,400.00 annually through 2011.   

  

Financial Impact:

There will be a positive Financial Impact of $2,400 per year.



For Additional Information, contact:
Joseph M. Moore (moorej@palmbeach.k12.fl.us)
Joseph M. Sanches

Attachments (list):
RE-3 Beneficial Interest.pdf
RE-3 Amendment to Site Specific Memorandum.pdf
RE-3 Checklist.pdf
RE-3 First Amendment to Site Specific.pdf
RE-3 Exhibit A.pdf
Q&ARE3.doc

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