city_of_calexico_resolution_on_sba_water_tower_tra.pdf
Calexico amends long-term easement with SBA Towers XI
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Description
The City of Calexico is approving updated agreements with SBA Towers XI, LLC involving a 55-year easement at the First Street Water Tower site, including a lump sum payment and revenue sharing for new wireless tenants. The amended transaction keeps the historic water tower in place, requires foundation repairs, and authorizes construction of a new 130-foot lattice telecommunications tower.
Contract Details
Contract Amount
$717,758.26 plus 70% revenue share for any new tenants added to the tower
Vendor
SBA TOWERS XI LLC
Agency
City of Calexico, CA
Contract Type
FACILITIES
Document Date
July 3, 2024
Contract Term
55-year easement
Renewal Info
Fourth Amendment to Agreement for Purchase of Easement modifies prior terms, including changing from decommissioning and replacement of the water tower to preserving and repairing it while constructing a new telecommunications tower; easement term is 55 years with revenue sharing for new tenants.
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