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6.J.- Page 2of17 <br />If adopted, the ordinance will become effective February 27, 2019. <br />FISCAL IMPACT <br />Presently, the City is required under the California Constitution to charge market rates for private and for- <br />profit use of City property. The current regional market lease rate is approximately $1,500 per year per <br />pole, which is a reasonable approximation of the costs incurred. If lease rates for City -owned poles were <br />capped at an artificially low level of $270 as the recent FCC ruling intends, the City could lose a significant <br />amount of revenue; the exact amount of potential revenue loss is unknown at this time and would depend <br />upon the number of new sites installed in the ROW. <br />ENVIRONMENTAL REVIEW <br />This activity is not a project under California Environmental Quality Act (CEQA) as defined in CEQA <br />Guidelines, section 15378, because it has no potential for resulting in either a direct or reasonably <br />foreseeable indirect physical change in the environment. <br />PUBLIC NOTICE <br />Public Notification was achieved by posting the agenda, with the agenda items being listed, at least 72 <br />hours prior to the meeting. <br />ALTERNATIVES <br />The City Council may elect to not adopt the Ordinance Amending Municipal Code Chapter 29 to Add <br />Article "Wireless Facilities in Public Rights -of -Way." <br />ATTACHMENTS <br />Attachment A: Wireless Rights -of -Way Ordinance <br />Attachment B: Chapter 29, Article VIII — Wireless Facilities in Public Rights -of -Way (Exhibit A to ordinance) <br />REPORT PREPARED BY: <br />Jun Nguyen, Revenue Services Manager <br />jnguyen@redwoodcity.org <br />650-780-7213 <br />APPROVED BY: <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />583 <br />