2019-01-14 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                               14 JANUARY 2019




                                 Figure 2 - Existing Site Layout


The proposed 6m x3m Optus lease area is to be immediately to the south of the Telstra site shown
on the plan above.

Following protracted discussions with Optus, preliminary agreement for a draft lease has now been
reached. The primary lease provisions proposed are as follows:

 Lease Provision                 Proposal
 Premises:                       Part of Lot 15 SP1177649
 Annual Rent:                    $17,000 plus GST
 Nett Lettable Area:             18m2
 Indicative Commencement Date:   1 July 2019
 Initial Lease Terms:            4 years 4months 12days (to align with associated tower lease)
 Options to Extend:              Nil
 Market Rent Reviews:            Fixed increases at 3% annually.
 Permitted Use:                  Telecommunications compound (to allow co-location on existing
                                 Telstra tower)

The agreed rent achieves a fair market value. The lease duration is set to expire in 2023 to align
with the related Telstra tower lease. At that time the parties will need to enter into new lease
agreements. It is recommended Council agrees to enter a telecommunications lease with Optus
in line with the above provisions.

Previous Council Consideration
Nil




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