OTHERPENDING

Fargo Park District Planning Committee Meeting Agenda Packet 2026-05-27

Fargo Parks Considers Cell Tower Land Option and Lease

$2,000 option fee; additional $2,000 for extended option; $1,000/month base rent plus $200/month per additional carrierBriarwood Park DistrictGREAT PLAINS TOWERS LLCMay 27, 2026

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Description

The Fargo Park District is considering a land option and lease with Great Plains Towers, LLC, acting for Verizon Wireless, for a 3,600-square-foot cellular tower site at the Fargo Parks Sports Center. The deal includes a $2,000 two-year option (with a possible $2,000 extension), an initial lease at $1,000 per month plus revenue sharing for additional carriers, and up to seven 5-year renewal terms.

Contract Details

Contract Amount

$2,000 option fee; additional $2,000 for extended option; $1,000/month base rent plus $200/month per additional carrier

Vendor

GREAT PLAINS TOWERS LLC

Agency

Briarwood Park District, ND

Contract Type

OTHER

Document Date

May 27, 2026

Contract Term

2-year exclusive option, extendable 2 more years; initial 5-year lease term with up to seven 5-year renewals (maximum 40 years from lease commencement)

Renewal Info

Tenant may extend the initial 2-year option for an additional 2 years with another $2,000 payment. Upon exercising the option, the lease runs 5 years with automatic 5-year renewals for up to seven terms unless Tenant gives 60 days’ notice of non-renewal. Rent increases 2.5% annually over the term and any renewal terms.