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File Number: 23-429 <br />Legal Analysis <br />The subject Agreement was reviewed and approved as to form by the City Attorney. <br />Fiscal Impacts <br />In the initial year, the City will receive revenue in the amount of $47,584 for the submerged and <br />terrestrial land lease. For the second and subsequent years, the revenue will increase based on <br />adjustments to the CPI for the remaining term of the Agreement and an adjustment to the rental <br />rate of the terrestrial land after the conclusion of a future appraisal. In addition, the City will save <br />on the installation of conduits and vaults valued at $549,334.50 to complete the gap in the City <br />Fiber Master Plan. <br />ATTACHMENTS <br />·Attachment A: Resolution <br />·Attachment B: Lease Agreement <br />PREPARED BY: <br />Erwin Ching, Engineering Manager, Engineering & Transportation Department <br />Page 4 City of San Leandro Printed on 9/13/2023