Loading...
HomeMy WebLinkAboutContracts & Agreements_180-2021MD7 April 22, 2021 The City of Redlands Attn City Manager P 0 Box 3005 Redlands, CA 92373 Re Site Address 31280 Helen Court, Redlands, CA 92373 Site ID SB35XC081 and Site Name R5- HELEN STREET WATER TANK (the "Site") PCS Site Agreement dated September 19, 2001 (including any amendments, the "Agreement") Tenant/Licensee Sprint PCS Assets, L L C (the "Tenant") Notice of Proposed Assignment and Request for Consent Ladies and Gentlemen T-Mobile USA, Inc and certain of its affiliates ("T-Mobile"), and Vertical Bridge NTCF, LLC and certain of its affiliates ("Buyer") are entering into a transaction involving a portion of T-Mobile's tower portfolio (the "Portfolio"), which Buyer will manage and operate on behalf of T-Mobile T-Mobile acquired the Portfolio through its merger with Sprint, and the Portfolio includes the Agreement identified above Buyer's management responsibilities will include, among other things, the payment of T-Mobile's monetary obligations under the Agreement and the performance of T-Mobile's maintenance and other non -monetary obligations under the Agreement The transaction also entails Buyer's purchase of the Portfolio but before the purchase can occur, your consent to the assignment of the Agreement and/or subleasing of the Site back to Tenant may be required under the Agreement Until such time as your consent is received, the Site will be managed by Buyer Once your consent is received and the purchase is complete, the Site will become owned by Buyer, or its affiliate, VB RUN, LLC T-Mobile hereby requests your consent to those matters Please indicate your consent by signing below and return this original document back to me in the enclosed self-addressed, stamped envelope or a scanned copy via email The second original should be retained for your records If you require additional information, please feel free to contact us via phone at (858) 997-1868 or via email at LAguilar@md7 com Promptly after the closing of the transaction occurs, the Buyer will notify you of the date of the closing From and after the closing, the address to use for all notices under the Agreement is as follows 10590 WEST OCEAN AIR DRIVE / SUITE 300 / SAN DIEGO, CA 92130 VB RUN, LLC 750 Park of Commerce Drive, Suite 200 Boca Raton, FL 33487 Attention Asset Management With a copy to VB RUN, LLC 750 Park of Commerce Drive, Suite 200 Boca Raton, FL 33487 Attention SVP & General Counsel Email dmarinberg©verticalbndge com An informational brochure regarding Vertical Bridge is enclosed for your reference It provides background information regarding the company and may answer some questions you may have regarding the transaction described above If you consent to the matters described above, the only noticeable changes you will experience will be dealing with Buyer instead of T-Mobile on all matters relating to the Agreement and the Site, and effective as of July 1, 2021, you will receive rent checks from Buyer instead of T-Mobile Thank you for your cooperation and prompt attention to this matter Sincerely, T-MOBILE USA, INC Accepted and agreed City of Redlands, a icipal • rporation Name Paul T Banch Title Mayor Dated as of 1 -2 -2 ATTEST Qrr,x,.cs nne Donaldson City Clerk Enc osures By MD7, its authorized representative Name Lizzy Aguilar Phone (858) 997-1868 2