HomeMy WebLinkAboutRESOLUTION - 8-01 - 2/13/2001 - LETTER OF UNDERSTANDING/VERIZON WIRELESS RESOLUTION NO. 8-01
A RESOLUTION AUTHORIZING THE MAYOR AND VILLAGE CLERK TO EXECUTE
A LETTER OF UNDERSTANDING AUTHORIZING VERIZON WIRELESS (SMSA
LIMITED PARTNERSHIP) TO ASSIGN PARTIAL OWNERSHIP INTEREST OF A
WIRELESS ANTENNA TOWER TO CROWN CASTLE GT (1751 GREENLEAF
AVENUE)
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Board of
Trustees of the Village of Elk Grove Village, Counties of Cook and
DuPage, State of Illinois as follows :
Section 1: That the Mayor be and is hereby authorized to sign
the attached documents marked:
LETTER OF UNDERSTANDING
CHICAGO SMSA LIMITED PARTNERSHIP (the Partnership)
SITE NO. IL-0335
AGREEMENT; GROUND LEASE AGREEMENT DATED AUGUST 8, 1996
a copy of which is attached hereto and made a part hereof as if fully
set forth and the Village Clerk is authorized to attest said
documents upon the signature of the Mayor.
Section 2 : That this Resolution shall be in full force and
effect from and after its passage and approval according to law.
VOTE: AYES: 6 NAYS: 0 ABSENT: 0
PASSED this 13th day of February 2001.
APPROVED this 13th day of February 2001.
Craig B. Johnson
Mayor
ATTEST:
Ann I. Walsh
Village Clerk
ReSLtrofUndersdGreenleaf2.doc
G___.:AGO SMSA LIMITED 1 AATNERSE[W
P.O. Box 7990, Atlanta, Georgia 30357-0990
December 1, 2000
Village of Elk Grove Village
901 Wellington Avenue
Elk Grove Village, Illinois 60007-3499
Attn: Raymond R. Rummel
Assistant Village Manager
Re: Chicago SMSA Limited Partnership(the"Partnership"); Site No.IL-0335
Agreement: Ground Lease Agreement dated August 8, 1996
Dear Mr. Rummel:
The Partnership intends to transfer and assign all of its rights and obligations under the referenced
agreement,and any amendmentsthereto(collectively,the"Agreement"),to Crown Castle GT Company LLC,
a subsidiary of Crown Castle International Corp., a preeminent tower management company, so that the
Partnership can concentrate its efforts on theoperation of its wireless communications business. Uponsuch
transfer and assignment, Crown Castle GT will become the other party to the Agreement and will be
operating and managing approximately three thousand towers using professionals experienced in the
management of towers and related real estate.
The Partnership will continue to use the Site as it currently does. Neither the Partnership nor Crown Castle
GT is seeking to modify any existing rights with respect to the premises enjoyed by the Partnership. Upon
the closing of the transaction described above,Crown Castle GT will become responsible for all obligations
under the Agreement,but the Partnership will remain liable to you for the payment of all sums due under the
Agreement. Shortly after the closing, you will receive a follow-up letter providing contract and address
information for Crown Castle GT.
By this letter,the Partnership requests your consent to(i)the assignment of all of the Partnership's rights and
obligationsunderthe Agreement(including the premises described therein)to Crown Castle GT in connection
with the transfer, and(ii)the subletting by Crown Castle GT to the Partnership
.and ethem ef spare on ilie
tower andthe•premises.
Please indicate your consent by executing this letter in the space provided below where indicated and
returning it in the enclosed self-addressed stamped envelope. If you have any questions, please call(312)
902-8393:
sys4.
Very truly yours,
CHICAGO SMSA LIMITED
LIMITED PARTNERSHIP 1 �j
By: • C ae .L ,4-C_
/y
ACCEPTED and AGREED by Landlord/Lessor:
VILLAGE OF ELK GROVE VILLAGE
By: Craig B. Johnson
Its: Mayor
20726416.1