County considers long-term lease amendment with American Tower

One-time $20,000 payment plus $1,250/month starting October 31, 2041 with 3% annual escalation

FACILITIES

Lease term originally commencing October 31, 1991; extended by seven additional 5-year renewal options through a potential final expiration date of October 30, 2076

2076-10-30

Seven new five-year renewal options are added to the remaining renewal terms, with all renewal terms automatically renewing unless American Tower gives 60 days’ notice of non-renewal; lease can be terminated by the County only for uncured material default. Assuming exercise of all renewals, the lease expires October 30, 2076.

AgendaPacket