150-10

NOW, BE IT HEREBY RESOLVED BY THE TOWNSHIP COUNCIL OF THE TOWNSHIP OF WEST ORANGE that in response to the Township’s Invitation to Bid the proposal submitted by Crown Castle allowing for the purchase of the lease revenue from the cell towers located at Stagg Field and the Valley Road Fire Station for the period of ten (10) years in exchange for the payment to the Township of $1,926,000, with the Township reserving the right to retain the ownership of 50% of the revenue stream associated with any new carriers placed on the towers, be and hereby is accepted; and BE IT FURTHER RESOLVED that the Business Administrator and Township Attorney be and hereby are authorized to prepare any and all documents necessary to finalize the sale of the lease revenue from the cell towers located at Stagg Field and the Valley Road Fire Station and the Mayor be and hereby is authorized to execute any purchase agreement to be entered into with Crown Castle for the purposes enumerated above. ________________________________ Karen Carnevale Honorable Susan McCartney Township Clerk Council President Dated: Adopted: Approved as to form on the basis of the facts provided: ______________________________ Richard D. Trenk Township Attorney F:\WPDOCS\N-Z\WORANGE\RESOLUT\Lease Revenue Bid Award.doc