Town of Pine Knoll Shores AgendaPacket Special Meeting (Budget) 2026-05-27
Town Renews Trinity Center Verizon Cell Tower Lease
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Description
The Town of Pine Knoll Shores Board of Commissioners approved a five-year renewal of the Verizon Wireless cell tower lease at the Trinity Center. The agreement maintains the 2025 annual rate of $36,534 with a 3% yearly escalation, contingent on written approval from Trinity Center’s attorney.
Contract Details
Contract Amount
$36,534 annually with 3% annual escalation
Vendor
VERIZON WIRELESS
Agency
Town of Pine Knoll Shores, NC
Contract Type
UTILITIES
Document Date
May 27, 2026
Contract Term
Five-year lease renewal beginning 2025 rate year
Renewal Info
Five-year renewal of existing Trinity Center cell tower lease, maintaining prior 2025 rate with 3% annual escalation; contingent on written approval from Trinity Center’s attorney under the ground lease.
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