San Benito LAFCO Municipal Service Review City of Hollister 2026-06-01
City of Hollister Approves 50-Year Cell Tower Lease with Crown Castle
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Description
The City of Hollister approved a 50-year lease agreement with Crown Castle USA Inc. for a cell tower, receiving an upfront payment of $1.4 million and projected periodic revenue of over $1.26 million from 2022 through 2071.
Contract Details
Contract Amount
$1,400,000 upfront (initial); $1,263,360 in periodic amortized revenue from 2022 to 2071
Vendor
CROWN CASTLE USA INC
Agency
San Benito County, CA
Contract Type
EQUIPMENT
Document Date
June 1, 2026
Contract Term
50 years (June 30, 2019 – June 29, 2069)
Renewal Date
2069-06-29
Renewal Info
50-year lease, signed in 2019. Revenue amortized through 2071. No auto-renewal details stated in excerpt.
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