Town of Spencer Awards Facilities Contract to Diamond Towers V LLC (May 2026)
Town of SpencerCity · NC- Disclosed value
- $1,200 per month, increased by 3% per year; $1,000 option consideration for each 18‑month option term
- From agendapacket
- Approved
- May 12, 2026
The 30-second brief
The Spencer Board of Aldermen approved an Option and Ground Lease Agreement with Diamond Towers V LLC for a wireless communications tower at the Sowers Ferry Road Public Works site. The deal provides $1,200 per month in starting rent with 3% annual increases over a potential 25‑year ground lease, following an initial paid option period.
Diamond Towers V LLC holds this facilities contract with Town of Spencer. Its other public contracts on record include work for Township of Long Hill and Anna Independent School District.
Term as filed: Ground lease initial term of 5 years with four additional 5‑year renewal terms (potential 25‑year lease), following an 18‑month initial option term extendable once for 18 months.
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Contract details
- Contract type
- Facilities
- Amount
- $1,200 per month, increased by 3% per year; $1,000 option consideration for each 18‑month option term
- Document date
- May 12, 2026
- Term
- Ground lease initial term of 5 years with four additional 5‑year renewal terms (potential 25‑year lease), following an 18‑month initial option term extendable once for 18 months
- Vendor
- Diamond Towers V LLC
- Agency
- Town of Spencer
- Source document
- Spencer Board of Aldermen Agenda Packet 2026-05-12 (AgendaPacket)
Diamond Towers V LLC's other public contracts
More Town of Spencer contracts
Questions about this contract
Who was awarded the facilities contract by Town of Spencer?
Diamond Towers V LLC was awarded this facilities contract by Town of Spencer, as recorded on May 12, 2026. The contract value is $1,200 per month, increased by 3% per year; $1,000 option consideration for each 18‑month option term.
How much is the Diamond Towers V LLC contract with Town of Spencer worth?
The Diamond Towers V LLC contract with Town of Spencer is valued at $1,200 per month, increased by 3% per year; $1,000 option consideration for each 18‑month option term, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Spencer Board of Aldermen Agenda Packet 2026-05-12 (AgendaPacket), dated May 12, 2026 from Town of Spencer. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Diamond Towers V LLC hold?
Diamond Towers V LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Town of Spencer currently buying?
Explore Town of Spencer's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
