Title
Communications Tower Utility Building
Proposed Motion
That Council approve funding of $46,455 from Internal Financing Restricted Surplus for a 10' x 12' utility building required to support communications tower operation.
Body
Administration Recommendation
Administration supports the proposed motion.
Purpose
To request the use of restricted surplus to fund the purchase of a building that was required at the proposed Eden Lake Tower site.
Summary
The Parkland County 2013 Budget for Intelligent Community program included the purchase of a 10' x 12' utility building required to house operating equipment for the proposed Eden Lake Tower. The building was ordered in anticipation of securing an anchor tenant to collocate on the tower, and to expedite the timeline for the collocation on the planned tower. When the prospective tenant didn't collocate on the tower, the structure had already been built and could not be returned. The structure is now surplus to our network buildout needs. It is however is constructed to industry standard and it is anticipated that the County will be able to sell the building to future mobility or enterprise tenants collocating on other County towers. The utility building was originally budgeted to be funded by MSI Capital, but now is no longer eligible for this grant funding. When the building is sold in 2014, the funds recovered will be transferred back to the Internal Financing Restricted Surplus.
Strategic Plan/Policy/Legal/Staff Implications
Financial Impact:
Cost: $46,455
Source of Funding: Restricted Surplus - Internal Financing
Other (As Required)