Item Coversheet
 


District School Board of Pasco County
7227 Land O' Lakes Boulevard. Land O' Lakes, Florida 34638 - 813/794-2000

Kurt S. Browning, Superintendent of Schools           www.pasco.k12.fl.us



Contact:

Chris Williams, Director of Planning
(813) 794-7070 

DATE: 12/17/2013 6:00:00 PM
   
TO: HONORABLE SCHOOL BOARD MEMBERS
   
FROM:
Kurt S. Browning, Superintendent of Schools
Ray Gadd, Assistant Superintendent for Administration and Operations 
   
SUBJECT:       Cell Tower Ground Lease Agreement for Seven Oaks Elementary

Introduction:

The District currently receives revenue from four cell towers located at Fivay High School, Dr. John Long Middle School, Sunlake High School and a future middle school site in the Meadow Pointe area.  The School Board previously approved cell tower lease agreements for Gulf Trace and Sand Pine Elementary Schools and the cell tower companies are moving forward with the approvals necessary to construct these towers.



Description:

There is an opportunity to enter into a cell tower ground lease at Seven Oaks Elementary School.  A request for proposal was sent out and three companies responded.  The winning bid proposes an annual rental amount of $24,000 and an initial term of ten years with four, five-year options to extend the lease.  The annual rent for the second year will be increased by three and a half percent (3.5%) and thereafter, each and every succeeding year.  The annual rent will increase by $12,000 for additional tenants collocating on the tower.   It is estimated the total revenue over the course of the thirty (30) year lease will be over one million dollars.

Strategic Focus:   Provide equitable support systems.
Strategic Plan Goal:  The district will establish and maintain state-of-the art, attractive and safe facilities.


Recommendation:

The staff requests the School Board’s approval of the Ground Lease Agreement to construct a cell tower at Seven Oaks Elementary School.



ATTACHMENTS:
Description Upload Date Type
Revised - SOES Cell Tower Lease 12/18/2013 Backup Material
John Long School 11/26/2013 Backup Material