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RESOLUTION APPROVING LEASING PROPERTY <br />WHEREAS, Cabarrus County owns a communications tower in Mt. Pleasant, North Carolina with <br />co- location space available for wireless communications providers; and <br />WHEREAS, the Board of Commissioners finds that such co- location space is surplus to the <br />County's needs; and <br />WHEREAS, the County and Cellco Partnership dba Verizon Wireless have agreed upon a lease <br />under which Cellco will lease space on the County communications tower for a term of up to ten (10) <br />years; and <br />WHEREAS, in consideration of leasing such space, Cellco has agreed to pay annual rent of <br />$24,000.00 with a 10% annual rent increase after five (5) years; and <br />WHEREAS, Cellco shall also pay $9,600.00 at the beginning of each five (5) year period for use of an <br />existing equipment building; and <br />WHEREAS, North Carolina General Statutes § 160A -272 authorizes the County to enter into <br />leases of up to 10 years upon resolution of the Board of Commissioners adopted at a regular meeting <br />after 10 days public notice; and <br />WHEREAS, the required notice has been published and the Board of Commissioners is convened <br />in a regular meeting. <br />THEREFORE, THE CABARRUS COUNTY BOARD OF COMMISSIONERS RESOLVES THAT: <br />The Board of Commissioners hereby approves a nonexclusive lease of the County property <br />described above to Cellco Partnership dba Verizon Wireless for up to ten (10) years and directs the <br />County Manager to execute any instruments necessary to effectuate the lease. <br />Adopted this the 21 day of April, 2014. <br />Elizabeth F. Poole, Chairman <br />Board of Commissioners <br />ATTEST: <br />Megan Smit <br />Clerk to the Board <br />Attachment number 1 <br />F -3 Page 83 <br />