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CITY OF NORTH OLMSTED <br />RESOLUTION NO. 2023 - 79 <br />By: Mayor Jones <br />A RESOLUTION AUTHORIZING THE MAYOR TO ENTER INTO AN <br />OPTION AND GROUND LEASE AGREEMENT WITH TOWERCO 2013 <br />LLC TO PROVIDE FOR A MONOPOLE CELLULAR TOWER LOCATED <br />AT NORTH OLMSTED PARK, AND FURTHER AUTHORIZING THE <br />MAYOR TO EXECUTE ALL CONTRACT DOCUMENTS, AND <br />DECLARINGANEMERGENCY. <br />WHEREAS, the City of North Olmsted has received and reviewed a proposal from <br />TowerCo. 2013 LLC ("TowerCo.") to construct a monopole cellular tower on City property, to <br />be located generally north of the Community Cabin in North Olmsted Park, with space to <br />accommodate four (4) carriers at a height not to exceed one hundred and forty feet (140'), as well <br />as a secure ground compound for equipment; and <br />WHEREAS, TowerCo. proposes an Option and Ground Lease Agreement, a copy of <br />which is attached hereto as Exhibit A, in order to secure a tower location, which location is <br />consistent with the Recreation Master Plan, and subject to review and recommendation to this <br />Council by the Planning and Design Commission; and <br />WHEREAS, TowerCo. proposes to compensate the City in the amount of Four Hundred <br />Thousand Dollars ($400,000.00) upon the exercise of its Option and upon the commencement of <br />the forty (40) year term, and propose; further TowerCo. proposes to pay additional rent at the <br />rate of Nine Hundred Dollars ($900.00) per month in the event that specified additional co - <br />locator sublease space on the cell tower; and <br />WHEREAS, it is the desire of Council to authorize the Mayor, on behalf of the City of <br />North Olmsted, to enter into an Option and Ground Lease Agreement, in consideration of a 40 - <br />year term and advanced lump sum payment in the amount of $400,000.00, together with fixed <br />co -locator rents, if applicable; and <br />NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br />NORTH OLMSTED, COUNTY OF CUYAHOGA AND STATE OF OHIO: <br />SECTION 1: That the Mayor be and she is hereby authorized to enter into and sign, on <br />behalf of the City of North Olmsted, an Option and Ground Lease Agreement with TowerCo. <br />2013 LLC, a copy of which is attached as Exhibit A, for the purpose of permitting the <br />construction of a cellular monopole tower of not more than one hundred and forty feet (140'), at <br />