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HomeMy WebLinkAbout5/3/2017 - STAFF REPORTS - 5.B. ppALM S* iy c V y a t °q<R"a % CITY COUNCIL STAFF REPORT DATE: May 3, 2017 NEW BUSINESS SUBJECT: APPROVAL OF AN AMENDED AND RESTATED WIRELESS COMMUNICATIONS SITE LEASE AGREEMENT WITH STC ONE, LLC FOR NON-EXCLUSIVE USE OF TOWER AND GROUND SPACE AT AN EXISTING WIRELESS COMMUNICATIONS FACILITY AT 3111 TAHQUITZ CANYON WAY FROM: David H. Ready, City Manager BY: Community and Economic Development Department SUMMARY This item requests City Council consideration to approve an agreement for a wireless communications facilities site lease with STC One, LLC, a Delaware limited liability company, for non-exclusive use of tower and ground space at an existing City-owned wireless communication tower located at 3111 Tahquitz Canyon Way (the existing tower located at the CVEP building) for a total period of fifteen years (initial term of five (5) years and two (2) five-year extension options). STC One, LLC, is managed by Global Signal Acquisitions Il, LLC, a Delaware limited liability company, which is a subsidiary of Crown Castle International Corporation, a company with headquarters located in Houston, Texas, providing wireless communication services throughout the United States; a complete listing of the corporate officers for Crown Castle International Corporation is included as an attachment to this report. RECOMMENDATION: 1. Approve Agreement No. an Amended and Restated Wireless Communications Facilities Site Lease by and between STC One, LLC, a Delaware limited liability company and the City of Palm Springs for lease of tower and ground space at an existing City owned wireless communication tower located at 3111 Tahquitz Canyon Way, for a period of fifteen (15) years (inclusive of an initial term of five (5) years and two optional five (5) year extensions) (A4161); and 2. Approve a Memorandum of Amended and Restated Wireless Communications Facilities Site Lease, and authorize the City Clerk to record with the Riverside County Recorder's Office; and 3. Authorize the City Manager to execute all necessary documents. ITEM NO. S City Council Staff Report May 3, 2017 -- Page 2 Wireless Communications Facilities Site Lease STAFF ANALYSIS: This amended and restated lease agreement provides for continued use of the City's existing communication tower and ground space located at 3111 Tahquitz Canyon Way (at the Coachella Valley Economic Partnership [CVEP] building). The City first entered into a lease agreement with Cox PCS Assets, LLC, on October 20, 1999, for a period of five years with two five year optional extensions (identified as Agreement No. 4041). COX PCS Assets installed its communication equipment onto the City's tower, and its equipment located in a secured room within the City-owned building known as the "Spider Shack" at the communication tower. COX PCS Assets was later acquired by Global Signal Acquisitions II, LLC, and exercised their optional five year term extensions. The original lease agreement subsequently expired on October 19, 2014, and Global Acquisitions II, LLC, remains on a month-to-month holdover lease during negotiations with the City on the terms and conditions of a new lease agreement. The requested action is to consider approval of an amended and restated lease agreement with the current Lessee, STC One, LLC, for a period of five years with two (2) five-year extension options. An aerial photo showing the tower location is included as Figure 1, a street view photo of the tower is included as Figure 2, and a 500 feet radius vicinity map is included as Figure 3. U ° V Subject Tower Location¶ J ° Lf u. fATSa J` Figure 1: Aerial Location Map l ti City Council Staff Report May 3, 2017 -- Page 3 Wireless Communications Facilities Site Lease f ,7 Figure 2: Street View of Existing Tower (photo facing south) i ceJe rol F, � G I i - i w Figure 3: 500' Radius Map The City currently holds several ground leases that were initiated in the 1990s with tower management companies or wireless communication carriers for wireless towers. In these earlier agreements, the initial monthly rental amount varies from $600 to $850 per month and the average length of the lease term varies from 15 to 30 years. 0kf' 3 City Council Staff Report May 3, 2017 -- Page 4 Wireless Communications Facilities Site Lease Because of the long terms of many of these early wireless communication ground lease agreements, the only opportunity for increasing the lease rental rates was limited to the Consumer Price Index (CPI) adjustment at the annual anniversary date which was incorporated into the terms of these lease agreements. Increases of lease rental rates have not reflected recent changes of the wireless communications market over the last 15 years. As a result, the older lease agreements became undervalued over the long term as the general market growth has occurred at a much slower pace and with lesser profitability than the wireless communications market. Therefore, as these ground leases approach their expiration dates, the new agreements are being negotiated to account for the unique nature of the wireless communication tower market. The new agreement structure requires increased lease rents, shorter terms, and provisions for re-evaluation of the market value if the term of the agreement exceeds 10 years. In addition, the new lease form includes provisions for fees to be collected by the City for co-location of wireless carriers and for City review, consent for tower modifications, and assignment of the lease. As a basis for comparison, in July 2014 the City negotiated a wireless tower ground lease agreement at another site with Sprint PCS at a monthly lease rate of $2,950; the current monthly rent on that wireless tower after consider annual CPI adjustments is $3,038 per month. This was the basis of the City's negotiation with STC One, LLC, on the new amended and restated lease agreement. Staff recently conducted a survey of other cities within the Coachella Valley to compare the rates being charged for wireless tower ground leases on city-owned property. The starting rates charged by other valley cities vary from $1,500 to $3,000 per month as shown in Table 1. Table 1-Comparison of Wireless Tower Ground Leases by other Valley Cities City Starting Lease Start Date Annual Current Rate Escalator Lease Rate Cathedral $2,250 2010 3% $2,608 City $2,500 2015 3% $2,575 Palm Desert $1,500 2001 3% $1,984 $1,167 2002 3% $2,448 La Quinta $3,000 2010 3% $3,582 Indio $2,700 2011 3% $3,130 $1,500 Prior to 2009 unknown unknown Research on other California cities revealed similar results with starting rents ranging from $1,500 to $3,400 per month as shown in Table 2. G04 City Council Staff Report May 3, 2017-- Page 5 Wireless Communications Facilities Site Lease Table 2-Comparison of Wireless Tower Ground Leases by other California Cities City Starting Lease Base Year Annual Current Lease Rate Escalator Rate Avondale $1,500 2013 3.5% $1,721.28 Costa Mesa $2,000 2011 3% $2,388.10 Glendale $3,000 2010 4% $3,947.80 Orange County $3,333 2012 3% $3,864.24 Victorville $1,500 2010 3% $1,844.81 Sausalito $1,850 2009 CPI w/5% cap Unknown Torrance $2,500 2015 Unknown Unknown Southgate $1,500 2004 3% $2,202.80 $2,200 2015 4% $2,379.52 Long Beach $2,500 2013 3% $2,813.77 Beaumont $2,000 2015 Unknown Unknown A side-by-side comparison of the key terms of the existing ground lease agreement with STC One, LLC, and the proposed new agreement is provided in Table 3. Table 3-Comparison of Original and Proposed Lease Terms Original Lease Terms Proposed Lease Terms Lessee Cox PCs STC One, LLC Term 5 years with two 5-year 5 years with two 5-year extension options extension options Expiration Date of Lease October 19, 2014 15 years from execution Initial Rent $750/month $3,038/month Current Rent $1,097.10/month n/a Additional Consideration for None $45,000 within 60 days of Legal and Administrative full execution of lease fees to consider, negotiate and enter into Lease Fees to City for $0 $500 or by amount as set assignment, review, by City Council resolution consent and/or other requests Annual Adjustments to rent Consumer Price Index Consumer Price Index Renewal/Holdover upon 100% of rent at expiration 125% of rent at expiration Expiration G05 City Council Staff Report May 3, 2017 -- Page 6 Wireless Communications Facilities Site Lease ENVIRONMENTAL IMPACT: The requested City Council action is not a "Project' as defined by the California Environmental Quality Act (CEQA). Pursuant to Section 15378(a), a "Project' means the whole of an action, which has a potential for resulting in either a direct physical change in the environment, or a reasonably foreseeable indirect physical change in the environment. The requested action is to approve a Lease Agreement for non-exclusive use of tower and ground space at an existing communications facility, and is exempt from CEQA pursuant to Section 15378(b), in that a "Project' does not include: (5) Organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment. FISCAL IMPACT: The new Amended and Restated Wireless Communications Facilities Site Lease by and between STC One, LLC Lease Agreement establishes an initial rent of $3,038 per month subject to annual increase by CPI. This exceeds the currently monthly rent of $1,097.10 and will generate an increase in annual revenue of $23,292. Due to the prior lease agreement expiring in 2014, and as a result of prolonged contract negotiations between the City and STC One, LLC, agreement has been reached and the amended lease includes a requirement for STC One, LLC, to pay the City a one-time lump sum payment of $45,000 within 60 days of full execution of the amended lease agreement. Revenues associated with leases of City-owned facilities are received in the General Fund revenue account# 001-36105. SUBMITTED: Di hay Marcus L. Fuller, MPA, P.E., P.L.S. Redevelopment Coordinator Assistant City Manager/City Engineer David H. Ready, Es City Manager Attachments: 1. Amended and Restated Wireless Communications Facilities Site Lease Agreement 2. Memorandum of Amended and Restated Wireless Communications Facilities Site Lease 3. Crown Castle International Corporate Officers 005 ATTACHMENT 1 007 CITY OF PALM SPRINGS AMENDED AND RESTATED WIRELESS COMMUNICATIONS FACILITIES SITE LEASE This Amended and Restated Wireless Communications Facilities Site Lease (the "Lease") is made and entered into this day of , 2017, ("Commencement Date") by and between the CITY OF PALM SPRINGS, a Charter City under the laws of the State of California (herein "LESSOR" or "City"), and STC ONE LLC, a Delaware limited liability company, registered in California as Tower Company One LLC, by Global Signal Acquisitions II LLC, a Delaware limited liability company, its attorney in fact (herein "LESSEE"). LESSOR and LESSEE are at times hereinafter collectively referred to as "Parties" or individually as the "Party". RECITALS WHEREAS, LESSOR is the fee title owner of property located at 3111 East Tahquitz Canyon Way in the City of Palm Springs, California (the 'Property") described more particularly in Exhibit A attached hereto, which description is fully incorporated herein by this reference; and WHEREAS, LESSOR previously entered into a Wireless Communications Facilities Site Lease with Cox PCS Assets, L.L.C., a Delaware limited liability company, wholly owned by Cox Commmunications PCS, L.P., a Delaware limited partnership, on October 20, 1999 regarding the Property, which expired on October 19, 2014 ("Original Lease Agreement"); and WHEREAS, Cox PCS Assets, L.L.C. subsequently assigned its rights and obligations under the Original Lease Agreement to LESSEE; and WHEREAS, LESSEE currently occupies the Premises as a holdover tenant under the terms of the Original Lease Agreement and such holdover tenancy expires on the Commencement Date of this Lease; and WHEREAS, LESSOR and LESSEE desire to amend the Original Lease Agreement by deleting the Original Lease Agreement in its entirety and replacing it with this Lease. LEASE NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants, conditions, and agreements contained herein, the receipt and sufficiency of which is hereby acknowledged, the Parties to this Lease do hereby agree as follows: Site Name: Palm Springs Comm Tower I B11N#: 879904 1140085.1 1203167.1 0 0 8 1. LEASED PREMISES: 1.1 DEMISE: LESSOR leases to LESSEE a portion of the Property as more particularly described in Exhibit B (the "Premises"), attached hereto and incorporated herein by this reference. 1.2 LESSEE ACCESS: LESSOR shall provide LESSEE, LESSEE's employees, agents, and subcontractors access to the Premises after LESSEE provides LESSOR with twenty-four (24) hours' notice. Provided, however, that in the event of an "emergency or special circumstance", which would leave the Facilities inoperable during normal non-business hours, LESSEE may access the Property to make necessary repairs and shall provide notice to LESSOR as soon as reasonably practicable. For purposes of this Lease, the phrase "emergency or special circumstance" shall be interpreted to mean automobile accidents and natural disasters, including, but not limited to flooding, wind, and earthquakes, or any condition impacting the wireless services provided by the Facilities that could endanger the property, life, health, or safety of any individual or entity. 2. USE OF LEASED PREMISES: To the extent provided in this Lease, LESSEE may use the Premises to facilitate provision of wireless communication services, including the transmission and the reception of communication signals of various frequencies. Subject to the terms and conditions of this Lease, LESSEE may install, construct, maintain, repair, replace, remove, and operate on the Premises the communications and other facilities ("Facilities") depicted and/or described in general in Exhibit C, attached hereto and incorporated herein by reference, as approved by LESSOR in writing prior to taking such actions, which approval shall not be unreasonably withheld, conditioned or delayed. In the event LESSOR fails to respond to a request to modify, alter, add, replace, remove or maintain wireless communications facilities located within the Property within thirty(30) days of the request, the request shall be deemed approved. If requested by LESSEE, LESSOR, at LESSEE's sole cast and expense, shall reasonably cooperate with LESSEE in LESSEE's efforts to obtain or maintain all documents required by any governmental authority in connection with any development of, or construction on, the Premises, including documents necessary to petition the appropriate public bodies for certificates, permits, licenses and other approvals deemed necessary by LESSEE to utilize the Premises for the purposes authorized herein. 3. LEASE TERM: 3.1 INITIAL TERM: The initial term of this Lease shall commence on the "Commencement Date" and shall continue for five (5) years from that date (the "Initial Term") unless terminated earlier pursuant to Section 8 hereinbelow. 3.2 RENEWAL TERM: LESSOR grants LESSEE an option to renew this Lease for two (2) additional terms of five (5) years each (each a "Renewal Term"). To exercise the option to renew this Lease for the first and second Renewal Terms, LESSEE shall provide LESSOR with written notice of its intention to renew the Lease not less than sixty(60) days prior to the expiration of the Initial Term or first Site Name: Palm Springs Comm Tower I BUN#: 879904 1140085.1 1203167.1 � 0 9 Renewal Term, in accordance with Section 4.3 below. The Initial Term and the Renewal Terms shall be collectively referred to herein as the "Term." 4. PAYMENT OF RENT: At the Commencement Date, LESSEE agrees to pay to LESSOR, the amounts set forth in this Section, each month in advance, on the first of each month, as rental for the Premises for the Term of the Lease, payable to the City of Palm Springs, 3200 East Tahquitz Canyon Way, Palm Springs, California 92262, Attn: Accounts Receivable, Finance Department. In addition, LESSEE agrees to do and perform all other covenants and agreements contained in this Lease. 4.1 BASE RENTAL PAYMENT: LESSEE shall pay LESSOR Three Thousand Thirty- Eight and 00/100 Dollars ($3,038.00) per month (the "Base Rental'). If the Commencement Date is a date other than the first day of the month, the Base Rental for the first calendar month shall be paid on the Commencement Date and prorated on the basis of the number of actual days in such partial month. 4.2 COST OF LIVING ADJUSTMENT: The Base Rental shall be automatically adjusted on each anniversary of the Commencement Date in (i) an amount equal to the increase in the Consumer Price Index published by the United States Department of Labor, Bureau of Labor Statistics (1982-1984 = 100) [the "CPI"] for "All Items - All Urban Consumers", for the Los Angeles-Anaheim-Riverside Metropolitan Statistical Area, during the preceding twelve (12) month period; or (ii)three percent (3%), whichever is greater. The base month for increases under this Section shall be the most recently measured twelve (12) month period prior to the commencement of each annual anniversary of the Commencement Date. 4.3 RENEWAL TERM RENT: If LESSEE elects to renew this Lease for the first and second five-year Renewal Terms in accordance with Section 3.2 above, LESSOR shall obtain an independent valuation of the Premises to determine the fair market value (the "Appraisal'). The Appraisal of the Premises shall be made by a professional independent real estate appraiser selected by mutual consent of the Parties. In the event the Parties cannot reach agreement upon the selection of a mutually acceptable appraiser, within fifteen (15) days, then LESSOR and LESSEE shall within fifteen (15) days thereafter, each select an appraiser who in turn will select a third independent appraiser who will be employed to make the Appraisal. In the event that the two selected appraisers fail to mutually select a third appraiser within fifteen (15) days, then the third appraiser shall be promptly determined in accordance with the rules of the American Arbitration Association. LESSOR and LESSEE will share equally in the cost of the Appraisal. LESSOR may, in its discretion, elect to make use of the appraised value as the new rent amount, effective upon the commencement of the first or second renewal term ("Rent Escalation Date"), in lieu of the then-existing rent amount and in lieu of the annual rent increase scheduled to occur on that date. In the event LESSOR elects to make use of the appraised value as the new rent, then at any time during the remaining Term of this Lease, LESSEE may terminate this Lease upon ten (10) days' prior written notice to LESSOR. Site Name: Palm Springs Comm Tower I BUN#: 879904 1140085.1 1203167.1 G10 4.4 LATE CHARGE: LESSEE acknowledges that late payment by LESSEE to LESSOR of Base Rental will cause LESSOR to incur costs not contemplated by this Lease, the exact amount of such costs being extremely difficult and impracticable to fix. Such costs include, without limitation, processing and accounting charges. Therefore, if any installment of Base Rental due from LESSEE is not received by LESSOR within ten (10) days of becoming due, LESSEE shall pay to LESSOR an additional sum of three percent (3%) per month of the overdue Base Rental as a late charge. The Parties agree that this late charge represents a fair and reasonable estimate of the costs that LESSOR will incur by reason of such late payment by LESSEE. Acceptance of any late charge shall not prevent LESSOR from exercising any of the other rights and remedies available to LESSOR. 4.5 ADDITIONAL CONSIDERATION: As consideration to LESSOR for entering into this Lease, in addition to the rental payments specified above, within sixty(60) days of the full execution of this Lease, LESSEE shall pay to the LESSOR the one- time sum of Forty-Five Thousand and 00/100 Dollars ($45,000.00) ("Additional Consideration"), which shall be deemed the cost to LESSOR of the legal fees and administration required to consider, negotiate, and enter into this Lease. Such payment shall not be refunded or reimbursed to LESSEE for any reason, regardless of whether LESSEE terminates the Lease pursuant to its provisions or proceeds with construction of the Facilities. 4.6 VERIFICATION OF RENT: Once per calendar year, LESSOR may submit a written request to LESSEE for a business summary report pertaining to LESSEE's rent obligations for the prior twelve (12) month period, and LESSEE shall provide such written accounting to LESSOR within sixty (60) days after LESSEE's receipt of such written request. 5. PROPERTY TAXES: LESSEE recognizes and understands that this Lease may create a possessory interest subject to property taxation pursuant to Revenue and Taxation Code Section 107.7 and that LESSEE may be subject to the payment of property taxes levied on such interest. LESSEE shall timely pay all property taxes and assessments directly attributable to LESSEE's possessory interest. In no event shall LESSOR be liable for any taxes owed as a result of this Lease. If LESSEE fails to make property taxes and assessments when due, LESSOR may, but shall not be obligated to, pay such amounts, and LESSEE shall reimburse LESSOR all such amounts plus LESSOR's reasonable administrative costs of such payments and collection costs, if any. 6. LESSOR INSPECTION AND ENTRY; ACCESS FOR INSPECTIONS: 6.1 LESSOR and/or its authorized representatives shall have the right to enter the Premises upon reasonable prior notice to LESSEE (which shall not be less than twenty-four (24) hours unless LESSOR determines that exigent circumstances warrant a shorter period of time, so long as such entrance does not unreasonably interfere with LESSEE's use of the Premises): Site Name: Palm Springs Comm Tower I BUN #: 879904 1140085.1 1203167.1 G I I A. To determine whether the Premises are in good condition and whether LESSEE is complying with its obligations under this Lease. B. To do any necessary maintenance and to make any restoration to the Premises that LESSOR has the right or obligation to perform. C. To serve, post, or keep posted any notices required or allowed under the provisions of this Lease. D. To run electric or telephone conductors, pipes, conduits, or ductwork where necessary or desirable over, under, or through the Premises in a manner which will not unreasonably interfere with LESSEE's use of the Premises. 6.2 LESSOR shall not be liable in any manner for any inconvenience, disturbance, loss of business, or nuisance arising out of LESSOR's entry on the Premises as provided in this Section, except for damage resulting from the acts or omissions of LESSOR or its authorized representatives. LESSEE shall not be entitled to an abatement or reduction of rent if LESSOR exercises any rights reserved in this Section. 7. CONSTRUCTION AND MAINTENANCE OF FACILITIES AND PREMISES: 7.1 LESSEE'S CONSTRUCTION: LESSEE shall have the right to install, construct, maintain, repair, replace, remove, and operate the Facilities on the Premises that are depicted in Exhibit C. The Parties intend that the antennas and appurtenances related thereto which are a part of the Facilities shall be constructed and maintained: (1) on the designated ten (10) foot span of the existing City-owned radio tower; (2) in such manner as to make the cabinetry reasonably blend into the surroundings; and (3) in such a manner that the Facilities will not unreasonably interfere with the LESSOR's use of the Property for LESSOR's purposes. Therefore, construction by LESSEE of any improvement, structure or work on the Premises shall be permitted only upon the express written consent of the LESSOR, which consent shall not be unreasonably withheld, conditioned or delayed. 7.2 CONSTRUCTION OF IMPROVEMENTS: A. LESSEE's Improvements. All improvements to the Premises shall be made in a good and workmanlike manner, at LESSEE's expense, in accordance with the requirements of all laws, ordinances, and regulations applicable thereto, including zoning requirements and building code requirements of the City of Palm Springs, and any municipal or other governmental agency having jurisdiction over the Premises and Facilities at the time the improvements are constructed. LESSOR agrees to cooperate with LESSEE in connection with applying for any municipal permits for the construction of the aforementioned improvements. It is understood and agreed that such cooperation shall not be implied to include any expenditures of funds on the part of LESSOR or any implied promise or warranty that such permits, discretionary, or otherwise, will be issued to LESSEE. LESSEE shall Site Name: Palm Springs Comm Tower I BUN#: 879904 1140085.1 1203167.1 G12 provide reasonable notice to LESSOR prior to entering the Premises for purposes of constructing the Facilities, and shall coordinate the scheduling and logistics of same with the LESSOR to avoid any interference with LESSOR's operations. Once construction commences, any and all improvements made by LESSEE with respect to the installation of the Facilities shall be diligently pursued to completion. B. LESSOR's Improvements. LESSOR shall have the right to collocate wireless communications equipment on the Facilities located on the Premises, free of charge, solely for LESSOR's own use in connection with police, fire, rescue and emergency broadcasting systems during the Term if space is available and subject to the provisions of this Section. LESSOR's written request to collocate shall be submitted to LESSEE along with the project description (the "Collocation Request"). LESSEE, in its sole discretion, shall determine the availability of space at the Facilities and will send LESSOR written notice regarding such availability. If LESSOR exercises its right to collocate pursuant to this Section, LESSOR shall execute and deliver to LESSEE the Tower License Agreement template in use at that time. LESSOR and LESSEE agree to expeditiously execute said Tower License Agreement in the form presented. LESSEE agrees that LESSOR shall be entitled to utilize the Facilities without paying a Basic Monthly Consideration as defined in the Tower License Agreement. All improvements to the Facilities shall be made in a good and workmanlike manner, at LESSOR's expense, in accordance with the requirements of all laws, ordinances, and regulations applicable thereto. Once construction commences, any and all improvements made by LESSOR with respect to the installation of the Facilities shall be diligently pursued to completion. 7.3 MECHANIC'S LIENS: LESSEE shall not allow or permit to be enforced against the Premises, or any part thereof, and shall defend, indemnify, and hold LESSOR harmless from any mechanic's, material suppliers', contractors', tax, or subcontractors' liens arising from any claim, for damage, or growing out of the work of any construction, repair, restoration, replacement, or improvement made by or alleged to have been made by or on behalf of LESSEE. LESSEE shall pay or cause to be paid all of such liens, claims, or demands before any action is brought to enforce the same against the Premises. If LESSEE shall in good faith contest the validity of any such claim, lien, or demand, then LESSEE shall, at its expense, defend itself and LESSOR against same and shall pay and satisfy any settlement or adverse judgment that may be entered thereupon prior to the execution thereof. In the event of any such contest, LESSEE shall provide LESSOR with a security bond in a form and amount LESSOR deems sufficient to allow the lien of record to be discharged as a matter of law. 7A CARE DURING CONSTRUCTION: LESSEE, and LESSOR, where applicable, shall exercise due care during construction. All applicable City standards and specifications shall be followed. LESSOR's Public Works Director shall approve all work in writing prior to commencement of construction. Site Name: Palm Springs Comm Tower I BUN#: 879904 1140085.1 1203167.1 013 7.5 LESSEE MAINTENANCE OF FACILITIES AND PREMISES: LESSEE's maintenance of the Facilities and Premises shall include, but is not limited to: A. Maintenance of all landscaping installed by LESSEE, if any; B. Repairs and/or replacements to LESSEE's Facilities caused by acts of third parties, including theft, graffiti, and intentional acts; C. Maintaining, in good, clean, safe, and sanitary condition and repair, all of LESSEE's personal property. All Facilities on the Property must be maintained in a first-class condition without rust, paint, or surface deterioration. All maintenance must conform to the reasonable standards utilized by LESSOR; and D. All work necessary to comply with federal, state, county, municipal, and other governmental agencies and bodies having jurisdiction. 7.6 RELOCATION: In the event that LESSOR determines in good faith that the Premises are needed for public purposes, LESSOR shall have the right to require relocation of LESSEE's Facilities, or any part thereof, to an alternate ground location. A. Relocation Process. To exercise the relocation rights, LESSOR shall provide written notice to LESSEE not less than nine (9) months prior to the relocation date and shall propose an alternative site to which LESSEE may relocate the Facilities ("Alternate Site Location"). LESSEE shall have sixty (60) days from the date of the notice to evaluate the Alternative Site Location, including, but not limited to, conducting tests to determine the technological feasibility of the Alternate Site Location and obtaining written approval of all wireless telecommunications providers on the Premises that have been permitted by this Lease. If LESSEE fails to approve the Alternate Site Location in writing within said sixty (60) day period, LESSEE will be deemed to have rejected such Alternate Site Location. LESSOR shall undertake reasonable efforts to provide an Alternative Site Location acceptable to LESSEE. If no Alternative Site Location is available, or if LESSEE does not approve the Alternate Site Location, LESSOR may, upon six (6) months' written notice, terminate the Lease in accordance with the notice requirements set forth in Section 8.1 of this Lease. B. Relocation Period. LESSEE shall complete the relocation of the Facilities no later than nine (9) months from the date LESSOR provides written notice that relocation is necessary. C. No Additional Terms. Upon relocation of LESSEE's Facilities, all references to the Premises in this Lease shall be deemed to refer to the Site Name: Palm Springs Comm Tower I BUN#: 879904 1140085.1 1203167.1 V� 'i Alternate Site Location (including any access and utility easements). The Alternate Site Location shall be surveyed by a licensed surveyor at the sole cost of LESSEE, in which event such survey shall replace and supersede the description of the Premises under this Lease. The relocation of LESSEE's Facilities shall not affect, alter, modify or otherwise change any of the terms and conditions of this Lease. 7.7 ABANDONMENT: If use of the Facilities is abandoned for at least two (2) consecutive months, LESSEE or its designee shall be responsible for removing the Facilities and returning the Premises to their original condition as approved by LESSOR, less ordinary and reasonable wear and tear. LESSOR shall provide notice to LESSEE of said abandonment. In the event LESSEE fails to comply with this provision in regard to the removal of the Facilities and restoration of the Premises within ten (10) days of said notice, LESSOR shall have the right to remove the Facilities and LESSEE relinquishes any and all rights thereto, said Facilities shall become the property of LESSOR by virtue of LESSEE's abandonment hereunder. 8. TERMINATION: 8.1 LESSOR'S RIGHT TO TERMINATE: A. LESSOR may pursue any remedies available to it under applicable law, including, but not limited to, the right to terminate this Lease, upon the earliest of any of the following events: 1. LESSEE's failure to pay rent within fifteen (15) days of the date such payment is due; 2. LESSEE's failure to comply with any term, covenant, or condition of this Lease after LESSEE has been given written notice of the violation and has had thirty(30) days to cure same or, if such default is not curable within such thirty (30) day period, has not proceeded to commence such cure within such thirty (30) day period and has not diligently proceeded to completion; 3. Interference by the Facilities with other electrical or radio frequency equipment installed on or around the Property, which interference is not cured by LESSEE within ten (10) days following written notice thereof or, if such default is not curable within such ten (10) day period, LESSEE has not proceeded to commence such cure within such ten (10) day period and has not diligently proceeded to completion; or 4. Interference with LESSOR's operations, or use of the Property by LESSOR or third parties after LESSEE has been given written notice of the violation and has had thirty (30) days to cure same or, Site Name: Palm Springs Comm Tower I BUN#: 879904 1140085.1 1203167.1 Gi5 if such default is not curable within such thirty (30) day period, has not proceeded to commence such cure within such thirty (30) day period and has not diligently proceeded to completion. B. Additionally, upon a finding by LESSOR's City Council that the Premises are needed for other public purposes, LESSOR shall have the right, after the expiration of the Initial Term, to terminate this Lease without liability upon one (1) year's written notice of termination to LESSEE. 8.2 LESSEE'S RIGHT TO TERMINATE: LESSEE may terminate this Lease due to LESSOR's failure of proper ownership or authority, or in the event of LESSOR's default hereunder. 8.3 RETURN OF PREMISES UPON TERMINATION: Except as otherwise provided herein, LESSEE shall at its sole expense remove all of LESSEE's Facilities within sixty (60) days following expiration or termination of this Lease. Upon the expiration or termination of this Lease, LESSEE shall surrender the Premises to LESSOR in a condition at least as good as existed on the date LESSEE executes this Lease, less ordinary and reasonable wear and tear. The Parties intend that LESSEE shall not remove or destroy any permanent improvements to the Premises that, subsequent to surrender of the Premises by LESSEE, will benefit or be of use to LESSOR, excluding mechanical, computer, or similar equipment (including antennas). Therefore, upon expiration or termination of this Lease, LESSOR may request that LESSEE not remove or destroy all or any portion of the LESSEE's Facilities, and, except for any electrical (other than lighting), mechanical, computer, or similar equipment (including antennas), LESSEE shall not remove the portion of the LESSEE's Facilities that is the subject of LESSOR's request. LESSEE shall thereafter execute any and all documents as are reasonably required to evidence that title to such improvements have been transferred to LESSOR, in their "as-is" condition. 9. INTERFERENCE: 9.1 LESSEE'S OBLIGATIONS: Prior to occupancy of the Premises and operation of the Facilities by LESSEE or its agents, assigns or LESSEE's employees, LESSEE agrees to: A. Submit to LESSOR, within forty-five (45) days prior to operation, proposed plans for antenna type and size, along with operating frequencies, effective radiated power, and other necessary on-air technical data at LESSOR's discretion for LESSOR's review and approval. If LESSOR does not respond in writing to LESSEE within ten (10) days following LESSEE'S request for approval, such request will be deemed to have been approved by LESSOR. Site Name: Palm Springs Comm Tower I BUN#: 879904 1140085.1 1203167.1 B. Install or cause to be installed, all equipment according to generally accepted standard engineering practices and in a good and workmanlike manner. C. Use all feasible efforts to investigate the cause of, and mitigate any interference caused by, LESSEE on existing radio frequency equipment of LESSOR following written notification of interference from LESSOR. 9.2 SUBSEQUENT PROPERTY LEASES: LESSOR agrees to include in all leases between LESSOR and future lessees of the Property a covenant that such future lessees shall not interfere with other electrical or radio frequency equipment previously installed on the Property and that if future lessees are not able to mitigate the interference, the lease shall provide for termination thereof. Likewise, LESSOR will not permit or allow the installation of any future equipment which: (i) results in technical interference problems with LESSEE's then existing equipment; or(ii) encroaches onto the Premises. 9.3 NON-INTERFERENCE: The communication equipment and the use thereof shall not interfere with the use of any other communication or similar equipment of any kind and nature owned or operated by LESSOR or other occupants of the Property existing as of the Commencement Date of the Original Lease Agreement, except as may be permitted by applicable laws; provided, however that subsequent to the installation by LESSEE of the Facilities, LESSOR agrees not to install and to exercise commercially reasonable effort to not allow installation of new equipment on the Premises if such equipment causes interference with LESSEE's operations. All interference claims shall be settled in accordance with the then prevailing interference rules and regulations promulgated by the Federal Communications Commission. 10. DESTRUCTION OF PREMISES: If either the Premises or the Property is destroyed or damaged as a result of a catastrophic event to the extent that, in LESSEE's reasonable discretion, LESSEE may no longer use the Premises for the intended purposes, LESSEE may elect to either: 10.1 Terminate this Lease, effective upon the date of the damage or destruction, by delivering written notice within ninety (90) days of the date of the damage or destruction and a request to terminate; or 10.2 Upon consent of LESSOR, which shall not be unreasonably withheld, conditioned or delayed, use a portion of the Premises specified by LESSOR for provision of communication services on a temporary basis until such time as the LESSEE's Facilities on the Premises are repaired or reconstructed so that LESSEE can resume the provision of communication services from the Premises. If LESSEE elects to continue this Lease and in the event that LESSOR unreasonably delayed its consent for LESSEE to install the temporary facility in order for LESSEE to continue its operation, rent shall abate for the period of non-use. Any such repair or reconstruction shall be completed in an expeditious manner. Site Name: Palm Springs Comm Tower I BUN#: 879904 1140085.1 1203167.1 0 17 11. ACCESS, UTILITIES AND PROVISION OF SERVICE: 11.1 LESSOR grants LESSEE, a non-exclusive easement to install and maintain utility wires, cables, conduits and pipes over, under and along a five (5) foot wide right of way as depicted in Exhibit B. LESSEE shall determine the availability of and shall, at its sole cost and expense, cause to be installed in, on, and about the Premises all facilities necessary to supply thereto all electricity, telephone, and other similar services required to service the Premises. LESSOR shall allow LESSEE to have its own electrical metering equipment installed. LESSEE shall obtain all necessary approvals for the installation of the meter. An electrical plan shall be submitted to LESSOR for approval, which approval shall not be unreasonably withheld, conditioned or delayed prior to commencement of such work. LESSOR agrees to cooperate with LESSEE in its efforts to obtain such utility service. During the Initial Term and the Renewal Term, LESSEE agrees to pay directly to the servicing utility when due all charges for electricity, telephone and all other utility services of every kind and nature supplied to and used by LESSEE on the Premises or for the Facilities. LESSOR shall be responsible for its electrical and other utility service and for the regular payment of electrical and other utility charges attributable to the Property other than the Premises. 11.2 LESSOR also grants LESSEE a twenty (20) foot wide non-exclusive access easement as depicted in Exhibit B. 12. INDEMNIFICATION AND INSURANCE: 12.1 INDEMNIFICATION: Neither LESSOR nor any other officer or employee of LESSOR shall be responsible for any damage or liability occurring by reason of any acts or omissions on the part of LESSEE or its officers or employees under or in connection with any activities under this Lease. It is also understood and agreed that to the fullest extent permitted by law, LESSEE shall indemnify, defend, protect and hold harmless LESSOR and its officers, agents and employees ("LESSOR's Parties") from and against any and all claims, demands, judgments, actions, damages, losses, penalties, liabilities, costs and expenses (including, without limitation, attorneys' fees and court costs) arising at any time directly or indirectly from or in connection with: (i) any default in the performance of any obligation by LESSEE to be performed under the terms of this Lease; (ii) LESSEE's use of the Premises; or (iii) the conduct of LESSEE's business or any activity, work or things done, permitted or allowed by LESSEE in or about the Premises, except to the extent caused by LESSOR or LESSOR's Parties' sole negligence or willful misconduct. The obligations of LESSEE under this Section shall survive the expiration or earlier termination of this Lease. 12.2 ASSUMPTION OF RISK: LESSEE, as a material part of the consideration to LESSOR, hereby assumes all risk of damage to the Premises, including, without limitation, injury to persons in, upon or about the Premises during LESSEE's use of the Premises, arising from any use of the LESSEE's Facilities or other activities of LESSEE or LESSEE's agents, employees, guests, tenants, subtenants, licensees, Site Name: Palm Springs Comm Tower I BLJN 4: 879904 1140085.1 1203167.1 013 contractors, or invitees (collectively "LESSEE's Parties") on the Premises. LESSEE hereby waives all claims with respect thereof against LESSOR, except as otherwise stated in this Lease. LESSOR shall not be liable for any injury to LESSEE's Facilities, Premises, or injury to or death of any of LESSEE's Parties, or injury to LESSEE's Facilities, or injury to or death of any other person in or about the Premises from any cause unless caused by the sole negligence or willful misconduct of the LESSOR or LESSOR's Parties. 12.3 INSURANCE: A. Casualty Insurance: During the term of this Lease, LESSEE shall, at its sole cost and expense, keep LESSEE's interest in the Premises and the Facilities, including any improvements thereon both in the course of construction and through the remainder of any term of this Lease, insured by responsible insurance companies, licensed to do business in the State of California or a self-insurer, against loss or damage by fire and other such casualties as are included in extended coverage. Such coverage shall include replacement cost, vandalism and malicious mischief endorsements, in such amounts so as to provide for the then actual replacement cost of all improvements on the Premises. B. LESSEE agrees, at its sole expense, and at all times during the term of this Lease, to maintain in full force, or cause to be maintained in full force, a policy or policies of commercial general liability insurance in an amount of Two Million and 00/100 Dollars ($2,000,000.00), including property damage, written by one or more responsible insurance companies licensed to do business in the State of California or a self-insurer. LESSEE shall ensure that LESSOR is named as an additional insured and such additional insured certificate shall be provided to LESSOR prior to the commencement of any work. Such policies shall insure against liability for injury to persons and/or property and death of any person or persons which may occur as a result of or in connection with the existence of the Facilities and improvements in, on or about the Premises. 13. DAMAGE OR DESTRUCTION OF IMPROVEMENTS TO PREMISES: LESSOR shall have no duty or obligation to rebuild the Facilities or the improvements thereon if such Facilities or improvements are substantially damaged during the Term, in whole or in part by any casualty. LESSEE shall maintain, and if damaged during the term, shall reconstruct the Facilities at LESSEE's expense. 14. ASSIGNMENT AND SUBLEASING: 14.1 ASSIGNMENT: LESSEE shall not voluntarily assign or transfer its interest under this Lease or in the Premises without first obtaining the prior written consent of LESSOR, which consent shall be not unreasonably withheld, delayed or conditioned. The transfer of the rights and obligations of LESSEE to a parent, subsidiary, or other affiliate of LESSEE, or to any successor in interest or entity Site Name: Palm Springs Comm Tower I BUN 4: 879904 1140085.1 1203167.1 i acquiring fifty-one percent (51%) or more of LESSEE's membership interests or assets, shall not be deemed an assignment and LESSOR's consent shall not be required for such transfer. Any assignment without LESSOR's consent (when such consent is required) shall be voidable and, at LESSOR's election, shall constitute cause for exercise of LESSOR's remedies under applicable law, including termination of the Lease. No consent to any assignment shall constitute a further waiver of the provisions of this Section. Notwithstanding the foregoing, it is understood that LESSEE shall not be released from liability hereunder by virtue of any assignment. As a condition precedent to any such assignment which requires LESSOR's consent, LESSEE agrees to provide written notice to LESSOR of its intention to assign at least thirty (30) days before the proposed effective date of any such proposed assignment which notice shall include the identity of the proposed assignee, copies of the proposed assignment documentation and current financial statements of the proposed assignee. As a further condition precedent to any assignment, the assignee must assume, in writing, all of LESSEE's obligations under this Lease. 14.2 SUBLEASING: LESSEE shall not sublease any portion of the Premises without the prior written consent of LESSOR, which consent shall not be unreasonably withheld, conditioned or delayed. LESSEE shall be permitted to sublease portions of the Premises to a wholly-owned subsidiary of LESSEE or any of its affiliates, provided LESSEE provides LESSOR with express written notice of such sublease. 14.3 COLLOCATION: LESSEE shall reasonably cooperate with future communications operators that would request collocation as long as there is no adverse impact on LESSOR from an operational, maintenance, and repair standpoint. 15. RENEWAL/HOLDING OVER: Upon the expiration or termination of this Lease, LESSEE shall surrender the Premises to LESSOR. If LESSEE shall remain in possession of the Premises after the expiration or termination of the Lease, with the consent of LESSOR, either express or implied, such holding over shall be construed to create a month to month tenancy subject to all the covenants, conditions, and obligations hereof, and LESSEE hereby agrees to pay LESSOR, as holdover rent, an amount equal to one hundred twenty-five percent (125%) of the Base Rental, as theretofore adjusted by the CPI increase described in Section 4.2. Nothing above shall be construed to give LESSEE any rights to so hold over and to continue in possession of the Premises after the expiration of the Term without the express consent of LESSOR. 16. ENVIRONMENTAL: LESSEE and its agents, employees, or contractors, subcontractors or other representatives shall not bring upon the Premises, or permit or authorize any other person or entity to bring upon the Property, including the Premises, any hazardous materials, hazardous substances, hazardous wastes, pollutants, asbestos, polychlorinated biphenyls (PCBs), petroleum or other fuels (including crude oil or any fraction or derivative thereof). Notwithstanding the foregoing, LESSEE may bring such fuels and lubricants onto the Premises as may be required for operation of construction vehicles during construction and backup power for generators during maintenance or repair of LESSEE's Facilities. In addition, LESSEE may also bring onto the Premises, any lead-acid batteries, cleaning solvents, and other chemicals necessary for proper utilization and maintenance of the LESSEE's Facilities. In bringing any materials or substance Site Name: Palm Springs Comm Tower I BUN#: 879904 1140085.1 1203167.1 0zo onto, or using any materials and substances on, the Premises, LESSEE shall comply with all federal, state, and local government laws, regulations, and rules. LESSEE shall be solely responsible for any damages or costs incurred by LESSOR due to any environmental contamination, arising from the presence or use on LESSEE's behalf of any hazardous materials or substances that LESSEE, its agents, employees, contractors, subcontractors or other representatives bring onto the Premises. 17. MISCELLANEOUS: 17.1 NO WAIVER: No covenant, term, or condition thereof shall be deemed waived, except by written consent of the Party against whom the waiver is claimed. Any waiver or the breach of any covenant, term or condition shall not be deemed to be a waiver of any preceding or succeeding breach of the same or any other covenant, term, or condition. Acceptance by LESSOR of performance other than full performance by LESSEE after the time the performance shall have become due shall not constitute a waiver by LESSOR of the breach or default of any covenant, term, or condition unless otherwise expressly agreed to by LESSOR in writing. 17.2 ATTORNEYS' FEES AND COSTS: If either Party hereto shall bring any action for any relief against the other, declaratory or otherwise, arising out of this Lease, including any suit by LESSOR for the recovery of rent or possession of the Premises, the prevailing Party shall be entitled to have and recover from the other Party the prevailing Party's reasonable fees and costs (including attorneys' fees), which shall be deemed to have accrued on the commencement of such action and shall be paid whether or not such action is prosecuted to a judgment. 17.3 NO JOINT VENTURE: Neither LESSOR nor any of its employees shall have any control over the manner, mode or means by which LESSEE, its agents or employees, use the Premises or Facilities described herein, except as otherwise set forth herein. LESSOR shall have no voice in the selection, discharge, supervision or control of LESSEE's employees, servants, representatives or agents, or in fixing their number, compensation or hours of service. LESSEE shall perform all covenants herein as a tenant of LESSOR and shall remain at all times as to LESSOR a tenant with only such obligations as are consistent with that role. LESSEE shall not at any time or in any manner represent that it or any of its agents or employees are agents or employees of LESSOR. LESSOR shall not in any way or for any purpose become or be deemed to be a partner of LESSEE in its business or otherwise or a joint venturer or a member of any joint enterprise with LESSEE. 17A INTERPRETATION: The Parties hereto agree that all provisions hereof are to be construed as both covenants and conditions as though the words imparting such covenants and conditions were used in each separate section hereof. The captions of the sections and subsections of this Lease are for convenience only and shall not be deemed to be relevant in resolving any questions of interpretation or construction. Site Name: Palm Springs Comm Tower I BUN#: 879904 1140085.1 1203167.1 021 17.5 INTEGRATION AND GOVERNING LAW: This Lease represents the entire understanding of LESSOR and LESSEE as to those matters contained herein. No prior oral or written understanding shall be of any force or effect with respect to those matters covered by this Lease. This Lease shall be governed by the laws of the State of California and construed as if drafted by both LESSOR and LESSEE. Any action, arbitration, mediation, hearing or other proceeding related to this Lease shall be conducted only in the County of Riverside. 17.6 LEASE BINDING ON HEIRS AND ASSIGNS: Each of the terms, covenants, and conditions of this Lease shall extend to, be binding upon, and inure to the benefit of not only LESSOR and LESSEE, but each of their respective heirs, representatives, administrators and assigns. Whenever in this Lease reference is made to either LESSOR or LESSEE, the reference shall be deemed to include, whenever applicable, the heirs, legal representatives, and assigns of each of the Parties, the same as if in every case expressed. 17.7 CORPORATE AUTHORITY: Each Party executing this Lease on behalf of a corporation represents and warrants that he or she is duly authorized to execute and deliver this Lease on behalf of said corporation, in accordance with a duly adopted resolution of the Board of Directors of said corporation and that this Lease is binding upon said corporation in accordance with its terms. 17.8 NOTICES: Any written notices required pursuant to this Lease shall be made by certified or registered mail, return receipt requested, or reliable overnight courier and delivered to the following address: To LESSOR: City of Palm Springs 3200 East Tahquitz Canyon Way Palm Springs, CA 92262 Attn: City Clerk Copy to: Woodruff, Spradlin& Smart 555 Anton Blvd. Suite 1200 Costa Mesa, CA 92626 Attn: Douglas C. Holland, City Attorney To LESSEE: STC One LLC c/o Crown Castle USA Inc. Attn: Legal Department 2000 Corporate Drive Canonsburg, PA 15317 17.9 AMENDMENTS: This Lease may not be modified, altered, or amended except in writing signed by both LESSOR and LESSEE. Site Name: Palm Springs Comm Tower I BUN#: 879904 1140085.1 1203167.1 0 2 G 17.10 AMENDMENT TO ORIGINAL LEASE AGREEMENT: The Original Lease Agreement is hereby amended by deleting it in its entirety and replacing it with this Lease. [SIGNATURE PAGE FOLLOWS] Site Name: Palm Springs Comm Tower I BUN#: 879904 1140085.1 1203167.1 G � Z IN WITNESS WHEREOF, the Parties hereto have caused this Lease to be executed by their duly authorized officers. LESSOR LESSEE THE CITY OF PALM SPRINGS, STC ONE LLC, a Charter City under the laws of the State of a Delaware limited liability company, California registered in California as TOWER COMPANY ONE LLC By: David Ready, City Manager By: Name: By: Global Signal Acquisitions II LLC, a Delaware limited liability company Its: Attorney in Fact ATTEST Kathleen D. Hart, Interim City Clerk APPROVED AS TO FORM: Douglas C. Holland, City Attorney Site Name: Palm Springs Comm Tower I BUN#: 879904 1140085.1 I1 Z p 1203167.1 U Y EXHIBIT A DESCRIPTION OF THE PROPERTY PARCEL 2 AND LETTERED LOTS C AND D OF PARCEL MAP 15576, IN THE CITY OF PALM SPRINGS, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY MAP ON FILE IN BOOK 81, PAGES 37 THROUGH 38 INCLUSIVE OF PARCEL MAPS IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. APN 502-210-023 Site Name: Palm Springs Comm Tower I BUN#: 879904 1140085.1 0 z 5 1203167.1 EXHIBIT B DESCRIPTION OF THE LEASED PREMISES Site Name: Palm Springs Comm Tower I BUN#: 879904 1140085.1 1203167.1 01416 b Site Name: Palm Springs Comm Tower I BUN#: 879904 1140085.1 1203167.1 2 7 EXHIBIT C DESCRIPTION OF THE FACILITIES PROJECT DRAWINGS as ma. -- Y� t a— a., aW i1— a� e t� Site Name: Palm Springs Comm Tower I BUN#: 879904 1140085.1 1203167.1 0 2 8 ATTACHMENT 2 G9 WHEN RECORDED RETURN TO: Prepared by: Parker Legal Group, PC 600 West Broadway,Suite 700 San Diego, California 92101 Space above this line for Recorder's Use A.P.N. 502-210-023 Prior recorded document(s)in Riverside County, California: Recorded on January 26,2000 at#2000-028841 MEMORANDUM OF AMENDED AND RESTATED WIRELESS COMMUNICATIONS FACILITIES SITE LEASE This Memorandum of Amended and Restated Wireless Communications Facilities Site Lease ("Memorandum") is made effective this day of 2017 by and between the CITY OF PALM SPRINGS, a Charter City under the laws of the State of California, with a mailing address of 3200 East Tahquitz Canyon Way, Palm Springs, California 92262 ("LESSOR") and STC ONE LLC, a Delaware limited liability company, registered in California as TOWER COMPANY ONE LLC, by and through its attorney in fact, GLOBAL SIGNAL ACQUISITIONS 11 LLC, a Delaware limited liability company, with a mailing address of 2000 Corporate Drive, Canonsburg, Pennsylvania 15317 ("LESSEE"). 1. LESSOR and Cox PCS Assets, L.L.C., a Delaware limited liability company, wholly owned by Cox Commmunications PCS, L.P., a Delaware limited partnership ("Original Lessee") entered into a Ground Lease Agreement dated October 20, 1999, and as amended ("Original Lease Agreement"), a memorandum of which was recorded on January 26, 2000 at Instrument No. 2000- Documentary Transfer Tax$ Computed on full value of property Computed on full value less liens and encumbrances remaining at time of sale Computed on full value of lease surpassing the 35-yearterm limit Computed on leased area of the property Site Name:Palm Springs Comm Tower 1 Business Unit#:879904 1203171.1 Signature of Dcclarant or agent—Firm Name 030 028841, whereby Original Lessee leased certain real property, together with access and utility easements, located in Riverside County, California from LESSOR, all located within certain real property owned by LESSOR. 2. STC One LLC, which is registered in California as Tower Company One LLC, is the ultimate successor in interest to the Original Lessee under the Original Lease Agreement. 3. LESSOR and LESSEE have entered into an Amended and Restated Wireless Communications Facilities Site Lease dated the 3rd day of May, 2017 (the "Lease"), of which this is a Memorandum, whereby LESSEE leased certain real property, together with access and utility easements, located in Riverside County, California (the "Premises") from LESSOR, all located within certain real property owned by LESSOR (the "Property"). The Property, of which the Premises are a part, is more particularly described in Exhibit A attached hereto. 4. The Lease amends the Original Lease Agreement by deleting it in its entirety and restating the Original Lease Agreement as provided for in the Lease. 5. The Premises may be used for the purpose of installing, constructing, maintaining, repairing, replacing, removing and operating a communications and other facilities, including tower structures, equipment shelters, cabinets, meter boards, utilities, antennas, equipment, any related improvements and structures and uses incidental thereto. 6. The term of the Lease is for five (5) years, commencing on May 3, 2017, and expiring on May 2, 2022, subject to two optional term extensions of five (5) years each in accordance with Section 3.2 of the Lease. 7. In the event of any inconsistency between this Memorandum and the Lease, the Lease shall control. 8. The terms, covenants and provisions of the Lease shall extend to and be binding upon the respective executors, administrators, heirs, successors and assigns of LESSOR and LESSEE. 9. This Memorandum does not contain the social security number of any person. 10. A copy of the Lease is on file with LESSOR and LESSEE. [Execution Pages Follow] 2 Site Namc: Palm Spnngs Comm Tower Business Unit p:879904 1203171.1 031 IN WITNESS WHEREOF, hereunto and to duplicates hereof, LESSOR and LESSEE have caused this Memorandum to be duly executed on the day and year first written above. LESSOR: CITY OF PALM SPRINGS, a Charter City under the laws of the State of California By: David Ready, City Manager ATTEST Kathleen D. Hart, Interim City Clerk APPROVED AS TO FORM: Douglas C. Holland, City Attorney [Acknowledgment Appears on Following Page] 3 Site Name: Palm Springs Comm Tower Business Unit#:879904 1203171.1 r 3 ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of ) On before me, (insert name and title of the officer) Personally appeared who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capaeity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 1 certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) [Lessee Execution Page Follows] 4 Site Name: Palm Springs Comm Tower Business Unit#:879904 1203171.1 G 3 3 LESSEE: STC ONE LLC, a Delaware limited liability company, registered in California as TOWER COMPANY ONE LLC, By: Global Signal Acquisitions II LLC, a Delaware limited liability company Its: Attorney In Fact By: Print Name: Title: [Acknowledgment Appears on Following Page] 5 Site Namc: Palm Springs Comm Tower Business Unit k:879904 1203171.1 G3 State of Texas County of Before me, a Notary Public, on this day personally appeared of GLOBAL SIGNAL ACQUISITIONS II LLC, a Delaware limited liability company, as Attorney in Fact for STC ONE LLC, registered in California as TOWER COMPANY ONE LLC, known to me (or proved to me on the oath of or through driver's license, state id card, resident id card, military id card, or passport) to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that she/he executed the same for the purposes and consideration therein expressed. Given under my hand and seal of office this day of 2017. (Personalized Seal) Notary Public's Signature 6 Site Name: Pahn Springs Comm Tower Business Unit#:879904 1203171.1 G 3 5 EXHIBIT A (Legal Description of the Property) PARCEL 2 AND LETTERED LOTS C AND D OF PARCEL MAP 15576, IN THE CITY OF PALM SPRINGS, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY MAP ON FILE IN BOOK 81, PAGES 37 THROUGH 38 INCLUSIVE OF PARCEL MAPS IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. APN 502-210-023 7 Site Name: Palm Springs Comm Tower Business Unit p:879904 ry` 1203171.1 rt 3 ATTACHMENT 3 637 Name Age Since Current Position J. Landis Martin 70 2002 Independent Chairman of the Board Jay Brown 42 2016 President, Chief Executive Officer William Moreland 52 2016 Executive Vice Chairman of the Board Daniel Schlanger 42 2016 Chief Financial Officer James Young 53 2009 Chief Operating Officer, Senior Vice President E. stake Hawk 65 1999 Executive Vice President, General Counsel Philip Kelley 43 2008 Senior Vice President- Corporate Development and Strategy Patrick Stowey 58 2012 Senior Vice President and Chief Commercial Officer John Kelly 61 2009 Director Anthony Melone 56 2015 Director P. Robert sartolo 43 2014 Independent Director Cindy Christy 50 2007 Independent Director An Fitzgerald 52 2002 Independent Director Robert garrison 73 2005 Independent Director Dale Hatfield 77 2001 Independent Director Lee Mogan 70 2001 Independent Director Edward Hutcheson 1999 Independent Director Robert McKenzie 71 1995 Independent Director Son Nguyen VP - Finance Cl�