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Message Page 1 of 1 <br /> COREY Kurt A <br /> From: LANKSTON Jeff <br /> Sent: Wednesday, March 30, 2005 12:13 PM <br /> To: COREY Kurt A <br /> Subject: FW: cell tower use/cost <br /> FYI <br /> Thanks, <br /> Jeff <br /> 4813 <br /> -----Original Message----- <br /> From: RISDAL Lacey L <br /> Sent: Wednesday, March 30, 2005 12:12 PM <br /> To: LANKSTON Jeff <br /> Cc: *Eugene PWM Management Team <br /> Subject: cell tower use/cost <br /> Jeff, <br /> PWM has two cases where we receive revenue for rental of City property for cell tower use. The first case is the <br /> cell tower located at 111 Garfield. We receive $700/month in rental income. This income is established under a 5 <br /> year lease, with 4 automatic renewals allowed, and a 15% increase at each 5-year renewal. <br /> The second case is the rental of a street light at 49th & Willamette by Sprint for the co-location of <br /> telecommunication equipment. The city receives $2000 annually for the rental of the pole, with a 3% inflation <br /> factor each year. <br /> Let me know if you have any questions, <br /> <br /> Lacey Risdal, x4841 <br /> Financial Analyst <br /> Public YVorks <br /> <br /> Mar'ntenance and Parrs & Open .Spaces <br /> 5/6/2005 <br /> <br />