ITEM TITLE:
Approval of 5 Year Communications Agreement with Vertical Bridge S3 Assets, LLC(GCI)
SUBMITTED BY: Andrew Doherty, Port Operations MGR
FISCAL NOTES:
Expenditure Required: NA
Unencumbered Balance: NA
Funding Source: NA
RECOMMENDATION:
Approve 5 Year Communications Agreement with Vertical Bridge S3 Assets, LLC (GCI).
SUMMARY STATEMENT:
Based on Resolution 20-63, establishing the rates for the communications site at the Valdez Container Terminal, the Port of Valdez has received notice from Vertical Bridge S3 Assets (GCI) confirming the provider’s intent to exercise their first option to extend their respective Cell Use Agreements for an additional five-year term, extending the agreements from January 1, 2026 through December 31, 2030.
Additionally, the City of Valdez Legal Team has reviewed the drafted agreement, and they have been approved as to form.