Town of Spencer Awards Facilities Contract to Diamond Towers V LLC (May 2026)
Town of SpencerCity · NC- Disclosed value
- $1,000 Option Consideration; $1,000 per 18‑month option renewal; $1,200 per month base rent with 3% annual increase (per meeting description)
- From agendapacket
- Approved
- May 7, 2026
The 30-second brief
The Town of Spencer approved an option and ground lease agreement with Diamond Towers V LLC to install and operate a wireless communications tower on Town‑owned property at the Sowers Ferry Road Public Works site. The agreement includes an 18‑month option, a 5‑year initial lease with four 5‑year renewals, and base rent of $1,200 per month with 3% annual increases, creating a potential 25‑year revenue stream on a small portion of the parcel.
Diamond Towers V LLC holds this facilities contract with Town of Spencer. Its other public contracts on record include work for Township of Long Hill and Anna Independent School District.
Term as filed: Option: initial 18 months with one 18‑month renewal; Lease: initial 5‑year term with four 5‑year renewal terms (potential total 25 years).
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Contract details
- Contract type
- Facilities
- Amount
- $1,000 Option Consideration; $1,000 per 18‑month option renewal; $1,200 per month base rent with 3% annual increase (per meeting description)
- Document date
- May 7, 2026
- Term
- Option: initial 18 months with one 18‑month renewal; Lease: initial 5‑year term with four 5‑year renewal terms (potential total 25 years)
- Vendor
- Diamond Towers V LLC
- Agency
- Town of Spencer
- Source document
- Spencer Board of Aldermen Pre-Agenda Meeting Agenda Packet 2026-05-07 (AgendaPacket)
Diamond Towers V LLC's other public contracts
More Town of Spencer contracts
Questions about this contract
Who was awarded the facilities contract by Town of Spencer?
Diamond Towers V LLC was awarded this facilities contract by Town of Spencer, as recorded on May 7, 2026. The contract value is $1,000 Option Consideration; $1,000 per 18‑month option renewal; $1,200 per month base rent with 3% annual increase (per meeting description).
How much is the Diamond Towers V LLC contract with Town of Spencer worth?
The Diamond Towers V LLC contract with Town of Spencer is valued at $1,000 Option Consideration; $1,000 per 18‑month option renewal; $1,200 per month base rent with 3% annual increase (per meeting description), covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Spencer Board of Aldermen Pre-Agenda Meeting Agenda Packet 2026-05-07 (AgendaPacket), dated May 7, 2026 from Town of Spencer. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Diamond Towers V LLC hold?
Diamond Towers V LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Town of Spencer currently buying?
Explore Town of Spencer's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
