City of Moscow Public Works/Finance Committee Agenda March 2026
City Endorses Verizon Lease Renewal for Park Reservoir
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Description
The City of Moscow has recommended a lease renewal with Verizon Wireless, updating terms for the cell site at Jim Lyle Rotary Park, beginning in 2029 with five optional 5-year renewal periods and escalated fees.
Contract Details
Contract Amount
$15,690 per year (current), increasing to $35,420.40/year with 3% annual escalator post-2029
Vendor
VERIZON WIRELESS (CELLCO PARTNERSHIP)
Agency
City of Moscow, ID
Contract Type
EQUIPMENT
Document Date
March 9, 2026
Contract Term
Initial 5 years, with five additional 5-year renewal options (potentially 25 more years commencing 2029)
Renewal Date
2034-12-31
Renewal Info
Existing lease expires 2029. New lease: initial 5-year term + five 5-year renewals, up to 25 years. Includes annual escalator after 2029.
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