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K,'>) PRS Tower Management Services Sell Tower and constructed to accommodate at least two licensed wireless providers plus any specified county communications equipment SellTower proposes to lease a 100'x 100'(10,000 square foot) ground space from the County to accommodate both a self-supporting tower and space for the associated ground equipment (the "Compound") as indicated in Exhibit A. The exact location of the proposed Compound and height of the proposed tower will be established in coordination with the County and will comply with all Federal regulations and with all Cabarrus County Zoning and Permitting ordinances and policies. Benefits to Cabarrus County The construction of the proposed tower in close proximity to the Cabarrus Convention Center will provide significant benefits to the people of Cabarrus County and to the visitors to the area • Full Access to Wireless Technology- Broadband mobile service is a keytechnology for both governments and privatebusinesses fordelivering services to citizens and customers. Furthermore, tower locations are key components in the provision of fixed wireless services that are used to provide broadband access to customers who do not have access to cable or telco based high speed internet services. • LongTerm Source of Funds-SellTower will be responsible for all costsassociated with the development of the communications tower. SellTower further proposes to lease appropriate space on county property for period of fifty (50) years. Enhanced Public Safety- The proposed Fairgrounds site will ensure that prompt access to emergency services to guests and residents in the area of the convention center. Furthermore, the County will have the option to place equipment for the purposes of providing public safety communications at the convention center on the tower with no requirement to pay rent The final equipment loading to be agreed upon by all parties. Lease Terms SellTower will offer the county a long term lease that will include the following key provisions which are standard in wireless industry leases: • Initial lease term of 10 years followed by eight (8) renewal terms of five years each • Monthly rent payments to be the greater of one thousand dollars ($1,000) or fifty percent (50%) of the anchor tenant's initial collocation rent. • Monthly rent payments will increase by 10% at the beginning of each new term. • SellTower, PRS, and its tower tenants to have 24/7 Access to the Compound as defined in the PRS Site Management Agreement • SellTower, PRS, and its tenants to have access for utilities to be run to the Compound as defined in the PRS Site Management Agreement F-3 Page 86