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1 RiversideCA.gov
1 RiversideCA.gov
COMMERCIAL ACCOUNT RIGHT OF
ENTRY AGREEMENT WITH CHARTER
COMMUNICATIONS
City Council
July 18, 2023
Public Utilities Department
RiversideCA.gov
2 BACKGROUND
1. On October 13, 2015, the City acquired the Mission Square Building at 3750 University Avenue, which was funded by RPU.
2. On January 26, 2016, the City Council approved an Exclusive Authorization of Lease Agreement with Newmark Knight Frank (NKF) for a five-year term to provide broker leasing services for the Property.
3. On January 5, 2021, the City Council approved a First Amendment to California Exclusive Authorization of Lease Agreement with Newmark Knight Frank (NKF) which extended the Agreement through December 31, 2025. RPU has been coordinating the leasing process for the Property with the Real Property Services Division of the Community & Economic Development Department and NKF as the broker for the Property.
4. In November 2022, Charter contacted NKF requesting to access the Mission Square Office Building for the installation, maintenance, and removal of any equipment, facilities and other communication accessories to provide any of Charter’s services to any customers in the building
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3 Staff has reviewed the proposed Commercial Account Right of Entry Agreement and recommends the terms summarized
below:
1. Term: Five years after the Effective Date or the date that is six months after the date that Charter is no longer providing Services to any customer in the building.
PROPOSED AMENDED LEASE TERMS
RiversideCA.gov
4 Strategic Priority 6 - Infrastructure, Mobility & Connectivity Goal 6.2 - Maintain, protect and improve assets and infrastructure within the City’s built environment to ensure and enhance reliability, resiliency, sustainability, and facilitate connectivity.
Cross-Cutting Threads
STRATEGIC PLAN ALIGNMENT
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5 That the City Council:
1. Approve a Commercial Account Right of Entry Agreement with Charter Communications, LLC oper ating as Charter for a five- year term; and
2. Authorize the City Manager, or designee, to execute the Commercial Account Right of En try Agreement, including making minor, non-substantive changes, and to sign all
documents and instruments necessary to complete the
transaction.
RECOMMENDATIONS
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