Lake Dallas Independent School District Memorandum of Option and Ground Lease Agreement 2026-06-10
Lake Dallas ISD Awards Tower Ground Lease to Diamond Towers V LLC
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Description
Lake Dallas Independent School District awarded an Option and Ground Lease Agreement to DIAMOND TOWERS V LLC for a 2,500 square foot parcel with easements at 401 Main Street, Lake Dallas, TX. The agreement has a ten-year term with five possible five-year extensions for the lessee.
Contract Details
Vendor
DIAMOND TOWERS V LLC
Agency
Lake Dallas Isd, TX
Contract Type
FACILITIES
Document Date
June 10, 2026
Contract Term
10 years commencing on the Commencement Date, subject to five (5) additional five (5) year extension periods by the Lessee
Renewal Info
Lessee has five (5) additional five (5) year extension options following the original ten-year term.
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