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Resolution authorizing the City of Pittsburgh and the Director of Finance to extend the Lease and Tower Use Agreement with Crown Communication LLC at 1330 Hassler Street (Tax Parcel #19-E-214-T1) for four (4) additional five (5) year terms.
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WHEREAS, the City and Robert Crown t/d/b/a Crown Communications, and Barbara A. Crown (collectively, "Original Tenant") entered into a Lease and Tower Use Agreement dated January 10, 1997 (the "Agreement"), whereby City leased to Original Tenant a portion of land being described as an approximately 12,423 square feet portion of that property (said leased portion, together with those certain access, utility and/or maintenance easement and/or rights way granted in the Agreement being the "Site") located at 1330 Hassler Street (Tax Parcel #19-E-214-T1); and
WHEREAS, the term of the Agreement commenced on January 10, 1997, and has an original term that expired on January 9, 2022 ("Original Term"), and City and Crown now desire to reaffirm, restate, and amend the terms of the Agreement to extend the term of the Agreement beyond the Original Term, and to make other changes.
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Director of the Department of Finance, on behalf of the City of Pittsburgh, is hereby authorized to extend the Lease and Tower Use Agreement with Crown Communication LLC by four (4) additional five (5) year terms (the "Renewal Terms") without need of further documentation at the end of each renewal period.
If not terminated as provided in the Agreement, the lease and tower use agreement authorized by this resolution will expire on January 9, 2042.
Section 2. Crown shall pay City rent in the amount of TWO THOUSAND DOLLARS ($2,000.00) per month for the duration of the Agreement. Commencing on January 10, 2023, and every year thereafter, (each an "Adjustment Date"), the monthly rental payment shall be increased annually by three percent (3%) of the monthly rent ...
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