The City of Corona Parks and Recreation Department has several contracts that lease park space to telecommunications companies who utilize the space and infrastructure (ie. ball field lighting poles) for their telecommunication equipment/antennas. The various lease agreements differ based on who negotiated the contract and when they were negotiated. The problem is that the City isn't quite sure what the real value of these contracts should be. In order to do some comparison, I would appreciate any responses to the following questions: 1. Do you use an outside consultant to help determine the value of the lease. If not, how is the fair value determined? 2. What are the general terms of the agreement (monthly rental, escalation factor, number of years, etc.)? 3. How much money was received up front when the agreement was executed? 4. Were any facilities constructed by a communication provider for the dual purpose of housing the provider's computer equipment, as well as serving as a benefit for the City (community center, maintenance yard, restrooms, concession building, etc.)? Thanks for your help! Greg Irvine Assistant Treasurer City of Corona (909) 279-3519 (909) 739-4998 FAX
