Meetings
 
District School Board of Pasco County
7227 Land O' Lakes Boulevard Land O' Lakes, Florida 34638 • 813/794-2000
Heather Fiorentino, Superintendent www.pasco.k12.fl.us
 
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Contact :
Chris Williams, Director of Planning
727-774-7970
DATE: April 5, 2011
TO: HONORABLE SCHOOL BOARD MEMBERS
FROM:
Heather Fiorentino, Superintendent
Olga Swinson, Chief Finance Officer 
SUBJECT: Cell Tower Ground Lease Agreement for Gulf Trace Elementary
Introduction:
The District is currently receiving revenue from three cell towers located at Fivay High School, Dr. John Long Middle School and a future middle school site in the Meadow Pointe area. A cell tower ground lease agreement has been School Board approved for Sunlake High School. The cell tower company is moving forward with the approvals necessary to construct this tower at Sunlake High School.
Description:

The District would like to enter into a cell tower ground lease at Gulf Trace Elementary School with an initial term of ten years with four, five-year options to extend the lease with an annual rental amount of $15,000. The annual rent for the second year will be increased by four percent (4%) and thereafter, each and every succeeding year. The annual rent will increase by $6,000 for each tenant beyond the first tenant which collocates at the property.

Action Requested:
The staff requests the School Board’s approval of the Ground Lease Agreement to construct a cell tower at Gulf Trace Elementary School.
Recommendation:
The staff respectfully recommends the School Board’s approval of the Ground Lease Agreement for a cell tower at Gulf Trace Elementary School.
 
ATTACHMENTS:
Type: Description:
Backup Material Gulf Trace Elem. Lease Agreement Contract
Cover Memo GTES for Pasco Co BOCC and Zoning
Cover Memo GTES Agent of Record Letter (Corp)
Cover Memo Memorandum of Lease GTES