HomeMy WebLinkAboutContracts & Agreements_218-2015_CCv0001.pdf AMERICAN TOWER"
C O R A 4 R A T E O N
December 1,2015
City of Redlands
PO Box 3005
Redland, CA 92373
Re: Notice of and consent to sublease of Ground Lease 61813 ("Ground Lease") and subsequent
leaseback of a portion of Site 124673,located at 1540 Alessandro Blvd. Redlands, CA 92373 (the"Site")
Dear City of Redlands:
On February 5, 2015, Verizon Communications Inc. ("Verizon") entered into an agreement
("Agreement") with American Tower Corporation ("American Tower") regarding a portion of Verizon's
tower portfolio (the "Portfolio"), including the right for American Tower to manage and operate the
Portfolio. Your Ground Lease and the Site associated with the Ground Lease are part of the Portfolio.
American Tower and Verizon closed the initial transactions contemplated under the Agreement
("Transaction") effective on March 27, 2015. As part of the Transaction, Verizon's affiliate party to the
Ground Lease desires to: (i) sublease the Ground Lease to American Tower or one of its affiliates and(ii)
leaseback a portion of the Site from American Tower or one of its affiliates and retain certain rights to
continue using such portion of the Site (such sublease and leaseback hereinafter referred to as the
"Ground Lease Sublease and Leaseback"). The Ground Lease Sublease and Leaseback has not yet
occurred with respect to your Ground Lease, however, American Tower is operating as the manager of
your Ground Lease and Site on behalf of Verizon.
The purpose of this letter is to provide notice of and request your consent to the Ground Lease Sublease
and Leaseback.Please sign below and return this letter to us in the enclosed self-addressed pre-paid
envelope.Thank you for your cooperation and prompt attention to this matter.If you have any questions,
please call 877-362-1658 or send an email to land@AmericanTower.com.
Sin ely,
ustine D.Paul
ATC Site Number:411685
ATC Lease Number:VZL61813
VZ Site Number:124673
VZ Lease Number:61813
AMERICAN TOWER"
C O R P O R A T I O N
The undersigned consents to the Ground Lease Sublease and Leaseback as set forth above.
CityofRedlands
By��ce1�
Print Name: Paul W. Foster
Title: Mayor
Date: 12-9-15
ATTEST:
/ A
Sam Irwin,,/ eity Clerk
ATC Site Number:411685
ATC Lease Number:VZL61813
VZ Site Number:124673
VZ Lease Number:61813