City of Bloomfield Proposal Letter of Intent for Telecommunications Easement 2026-05-22
WC1 Proposes Perpetual Telecom Easement Acquisition for $172,200
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Description
The City of Bloomfield received a proposal from WC1 to acquire a perpetual telecommunications easement including the Verizon wireless lease at 800 East Franklin Street for $172,200. The agreement is contingent on further negotiation, due diligence, and lender approval.
Contract Details
Contract Amount
$172,200.00
Vendor
WC1
Agency
City of Bloomfield, IA
Contract Type
OTHER
Document Date
May 22, 2026
Contract Term
Perpetual (or surrendered 5 years after cell site becomes vacant)
Renewal Info
Easement is perpetual unless surrendered five years after vacancy. Seller to receive 50% rent from new tenants in additional 500 sq ft area.
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