Resolution 48-26 - Vertical Bridge Telecomms Grnd Lease v3.pdf

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RESOLUTION NO. 48-26 
 
A RESOLUTION OF THE COUNCIL OF THE CITY OF BUCKEYE, ARIZONA, 
APPROVING A TELECOMMUNICATIONS FACILITIES GROUND LEASE 
AGREEMENT AND MEMORANDUM OF OPTION TO LEASE, BETWEEN THE 
CITY OF BUCKEYE, AS LESSOR, AND VB BTS III, LLC, A DELAWARE 
LIMITED LIABILITY COMPANY, AS PROSPECTIVE LESSEE, FOR A GROUND 
LEASE AT SUNDANCE CROSSINGS CENTER, AND AUTHORIZING THE CITY 
MANAGER TO EXECUTE AND DELIVER SAID GROUND LEASE AND 
MEMORANDUM OF OPTION TO LEASE ON BEHALF OF THE CITY OF 
BUCKEYE; AND FURTHER, TO AUTHORIZE THE CITY MANAGER TO 
EXECUTE AND DELIVER THE MEMORANDUM OF LEASE FOR RECORDING 
ON BEHALF OF THE CITY OF BUCKEYE, UPON LESSEE'S TIMELY 
EXERCISE OF ITS OPTION UNDER THE MEMORANDUM OF OPTION TO 
LEASE. 
 
WHEREAS, on July 9, 2024, the Buckeye Planning and Zoning Commission approved 
Application No. PLZU-23-00007, issuing a Conditional Use Permit for a Multi-Carrier 
Telecommunications Facility, one of the conditions being City Council approval of a lease prior 
to issuance of building and engineering permits; and 
 
WHEREAS, VB BTS III, LLC, a Delaware limited liability company (“Vertical Bridge”) and 
the City entered into negotiations to finalize a telecommunications facilities ground lease 
agreement (the “Ground Lease”); and 
 
WHEREAS, the City and Vertical Bridge now desire to enter into the Ground Lease upon 
the terms and conditions stated therein. 
 
BE IT RESOLVED by the Mayor and Council of the City of Buckeye, Arizona as follows:  
 
 
Section 1.  The recitals set forth above are hereby incorporated as if fully set forth 
herein. 
 
 
Section 2.  The Ground Lease between the City of Buckeye and VB BTS III, LLC, a 
Delaware limited liability company, for certain premises at the Sundance Crossings Center, is 
hereby approved in substantially the form that accompanies this Resolution. 
 
 
Section 3.  The Mayor, the City Manager, the City Clerk and City Attorney are hereby 
authorized and directed to cause the execution of the Ground Lease, Memorandum of Option to 
Lease, and, upon Vertical Bridge’s exercise of its option, the Memorandum of Lease, and to 
take all steps necessary to carry out the purpose and intent of this Resolution.

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PASSED AND ADOPTED by the Mayor and City Council of the City of Buckeye, 
Arizona, this 19th day of May, 2026. 
 
Eric W. Orsborn, Mayor 
ATTEST:  
 
 
Lucinda J. Aja, City Clerk 
 
APPROVED AS TO FORM: 
 
 
Tosca Henry, City Attorney