UTILITIESPENDING

Vertical Bridge Seeks Amendment to City Cell Site Lease

Vertical Bridge has proposed two alternative amendments to Platte City’s cell site lease, including a $57,600 upfront payment with reduced rent or a lower monthly rent with periodic escalations and renewal terms. The Board must decide whether to modify the existing financial terms to retain the Verizon cell site on the City’s water tower.

Status
PENDING
Document date
August 4, 2026
Contract type
UTILITIES
Vendor
Vertical Bridge
Agency
City of Platte · MO

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Scope & details

The full contract record, as filed.

Contract amount
Currently pays the City $2,975.12 per month; proposal Option 1: Upfront $57,600 (24 months at $2,400 per month equivalent) on August 1, 2026, then $2,300 per month starting August 1, 2028 with 8% increases every 5 years; Option 2: $2,100 per month starting August 1, 2026 with 10% increases every 5 years
Contract type
UTILITIES
Contract term
Existing management/ground lease arrangement tied to Verizon cell site; proposed options contemplate a 20-year cash flow from August 1, 2026 to August 1, 2046 with four additional five-year renewal terms under Option 2
Renewal date
2029-05-31
Renewal
Current lease flows through Verizon’s agreement, with extension to at least May 31, 2029 and further 5-year renewals. Option 2 explicitly contemplates four additional five-year renewal terms with 10% rent escalations every five years.
Document type
AgendaPacket
Source document
Platte City AgendaPacket Work Session Agenda 2026-08-04

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the utilities contract by City of Platte?

Vertical Bridge was awarded this utilities contract by City of Platte, as recorded on August 4, 2026. The contract value is Currently pays the City $2,975.12 per month; proposal Option 1: Upfront $57,600 (24 months at $2,400 per month equivalent) on August 1, 2026, then $2,300 per month starting August 1, 2028 with 8% increases every 5 years; Option 2: $2,100 per month starting August 1, 2026 with 10% increases every 5 years.

How much is the Vertical Bridge contract with City of Platte worth?

The Vertical Bridge contract with City of Platte is valued at Currently pays the City $2,975.12 per month; proposal Option 1: Upfront $57,600 (24 months at $2,400 per month equivalent) on August 1, 2026, then $2,300 per month starting August 1, 2028 with 8% increases every 5 years; Option 2: $2,100 per month starting August 1, 2026 with 10% increases every 5 years, covering utilities work.

What type of contract is this?

This is a Utilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Platte City AgendaPacket Work Session Agenda 2026-08-04 (AgendaPacket), dated August 4, 2026 from City of Platte. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Vertical Bridge hold?

Vertical Bridge may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Platte currently buying?

Explore City of Platte's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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