LICENSEPENDING

City of Iron River AgendaPacket Regular Meeting 2026-06-17

AT&T Proposes Modified Cell Tower Lease Terms with City

$3,770.81/month current; proposed $3,450.00/monthCity of Iron RiverAT&TJune 17, 2026

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Description

AT&T, through its agent MD7, has proposed modifying the City of Iron River’s Reagan Avenue water tank lease by reducing current rent from $3,770.81 to $3,450.00 per month beginning June 1, 2026, fixing rent until 2030, adding 15% escalations every five years, and extending the lease with up to five additional 5-year renewal terms. The City Council will consider this lease adjustment proposal.

Contract Details

Contract Amount

$3,770.81/month current; proposed $3,450.00/month

Vendor

AT&T

Agency

City of Iron River, MI

Contract Type

LICENSE

Document Date

June 17, 2026

Contract Term

Original 5-year term from June 2005 with four 5-year auto-renewals through May 31, 2030; proposal to extend with up to five additional 5-year renewal terms

Renewal Date

2030-05-31

Renewal Info

Lease commenced June 2005 for 5 years with four automatic 5‑year renewals through May 31, 2030; 2018 amendment added $1,000/month for extra equipment and 2019 amendment added $86/month for generator area. Proposal seeks fixed rent to 6/1/2030 and additional five 5‑year renewal options with 15% escalations.