161102_Kokanee_Water District_LOI-SignedEPIC
WIuELEIrF aROUP INC.
November 2, 2016
Shannon Cotulla
South Tahoe Public Utility District
1275 Meadow Crest Drive
South Lake Tahoe, CA 96150
RE: Letter of Interest — Proposal to Lease Space to Verizon Wireless for Installation of a
Communications Facility
Dear Mr. Cotulla:
Epic Wireless Group, Inc. is an authorized representative for Verizon Wireless. Verizon Wireless
is researching properties in the vicinity to locate a wireless communications facility (cell site) in
order to improve the wireless cell phone coverage in the surrounding commercial and residential
areas. This letter is to confirm Verizon Wireless' interest to lease space on the property located
in South Lake Tahoe, CA 96150 (APN 025-041-19-100) for the purpose of installing a wireless
communications facility (cell site).
1) Lease Premises: Proposed lease area of 900 sq. ft. (approximately) for equipment,
antennas, and a tower within the proposed Verizon Wireless lease
space.
2) Use: Construction, operation, and maintenance of a cell site for the
transmission and reception of radio communications signals.
3) Term: Verizon Wireless proposes an initial term of five (5) years plus four (4)
automatic renewal options for a total of twenty-five (25) years. Lessee
may terminate the lease at each annual anniversary by providing Lessor
with three (3) months' notice.
4) Rent: Verizon Wireless proposes an annual rent amount of twenty four
thousand and 00/100 dollars ($24,000.00) to be paid in equal monthly
installments commencing at the start of construction.
5) Rent Escalation: The monthly rent shall increase by three percent (3%) over the rent paid
during the previous year.
6) Option: Verizon Wireless to pay $500.00 for initial option period of twelve (12)
months. Lessee to pay $500.00 for additional 12-month option period (if
necessary).
7) Signing Bonus: Verizon Wireless to pay a one-time signing bonus of $4,000 upon full
execution of the Agreement.
8) Commencement: The first day of the month in which notice of exercise of the option is
effective.
8700 Auburn Folsom Road, Suite 400
Granite Bay, CA. 95746
Fax (916) 781-5927
9) Testing: Prior to lease commencement, Lessor shall provide access allowing
Verizon Wireless to conduct any necessary inspections, surveys, and
tests to determine the suitability of the property to Verizon Wireless.
10) Access: 24 hours a day, 7 days a week.
11) Utilities: At Verizon Wireless' expense, power and telco will be brought to the
leased premises.
12) Title: A Memorandum of Lease will be recorded.
13) Insurance: Each party will maintain comprehensive general liability and property
liability insurance with liability limits of not less than $2,000,000.00 for
injury to or death of one or more persons in any one occurrence, and
$1,000,000.00 for damage or destruction to property in any one
occurrence.
14) Contingency: The lease is contingent upon Verizon Wireless' ability to obtain permits
and use the premises as a communications facility.
15) Confidentiality: Landlord will keep the terms and conditions contained herein. Landlord
will also keep the details of ensuing negotiations confidential between
the parties to the extent allowed by law.
This letter is intended to be a nonbinding letter of interest entered into solely for the purpose of
reflecting the interest of the parties in negotiating with one another and to summarize the basic
business terms being proposed for the lease agreement. No portion of this letter is to be
considered legally binding nor shall the provisions of this letter constitute any form of
representation or warranty from one party to the other. The final lease agreement is subject to
each parry's review, approval and signature.
If the terms of this letter of interest are acceptable concerning the proposed lease, please sign
below in the place provided to evidence your agreement and return a copy of this letter so that we
can begin the process of preparing mutually acceptable legal documents for your and Verizon
Wireless' signature.
I look forward to your response regarding this proposal and would be happy to provide additional
information. I can be reached at (530) 368-2357 or at andrew.Iesa(a7epicwireiess.net.
With regards,
Andrew Lesa
Project Manager — Site Acquisitions
Authorized representativ for Verizon Wireless
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Signature oTl andlord v1141 Date
Sso- S4- 3 -6 o
Contact Number
8700 Auburn Folsom Road, Suite 400
Granite Bay, CA. 95746
Fax (916) 781-5927