Draft Amendment Extends Verizon Wireless Land Lease

$47,669.17 annually for the fifth extension term; $54,819.54 annually for the sixth extension term

UTILITIES

Fifth five-year extension term commencing January 1, 2027, and sixth five-year extension term following through December 31, 2036

2036-12-31

Amendment provides automatic renewal for two five‑year extension terms unless the lessee terminates with at least six months’ written notice before the end of the then‑current term. It also raises liability insurance requirements to $2,000,000 per occurrence and $4,000,000 aggregate.

Agenda