Approval Sheet

CITY OF GILLETTE
201 E. 5th Street
Phone (307)686-5200
CITY OF GILLETTE

www.gillettewy.gov

 
DATE: 12/4/2018 7:00:00 PM
SUBJECT:
Council Consideration to Authorize the Mayor to Sign a Telecommunications Raceway Lease Agreement Between the City of Gillette and Advanced Communications Technology, Inc.
BACKGROUND:
Enclosed is a Telecommunications Raceway Lease Agreement which will allow Advanced Communications Technology, Inc. to lease fiber optic raceway in the City of Gillette's multi-raceway fiber optic backhaul system.  Advanced Communications Technology will install fiber optic cable in the City's raceway system to serve their customers.
ACTUAL COST VS. BUDGET:

Revenue received from this Raceway Lease Agreement shall be deposited in the City's Fiber Fund No. 506.

Per the terms of this agreement, the City will lease its raceway at a unit cost of $0.47 per lineal foot with an inflationary increase of 3% per calendar year.

Upon execution of the Agreement, the estimated annual lease revenue will increase by $18,200.00.
SUGGESTED MOTION:

I Move for Approval to Authorize the Mayor to Sign a Telecommunications Raceway Lease Agreement Between the City of Gillette and Advanced Communications Technology, Inc.
STAFF REFERENCE:

Michael H. Cole, P.E., Utilities Director; Anthony Reyes, City Attorney
ATTACHMENTS:
Click to download
Telecommunications Raceway Lease with Advanced Communications Technology, Inc.