Spencer Weighs 25-Year Cell Tower Ground Lease
Town of SpencerCity · NC- Disclosed value
- $1,200/month, increased by 3% per year, for up to 25 years
- From agendapacket
- Document date
- Apr 9, 2026
The 30-second brief
The Town of Spencer is considering an Option and Ground Lease Agreement with Diamond Towers V LLC to install and operate a wireless communications tower on Town-owned property at 600 Sowers Ferry Road. The proposed contract would generate $1,200 per month in lease revenue with 3% annual increases over a potential 25-year term while using less than one-tenth of an acre at the Public Works facility.
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: Initial 5-year term with four 5-year renewal terms (total potential 25 years) plus up to 18-month option period.
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Contract details
- Contract type
- Facilities
- Amount
- $1,200/month, increased by 3% per year, for up to 25 years
- Document date
- April 9, 2026
- Term
- Initial 5-year term with four 5-year renewal terms (total potential 25 years) plus up to 18-month option period
- Vendor
- Diamond Towers V LLC
- Agency
- Town of Spencer
- Source document
- Town of Spencer Board of Aldermen Pre-Agenda Meeting April 2026 (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 April 9, 2026. The contract value is $1,200/month, increased by 3% per year, for up to 25 years.
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 $1,200/month, increased by 3% per year, for up to 25 years, 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 Town of Spencer Board of Aldermen Pre-Agenda Meeting April 2026 (AgendaPacket), dated April 9, 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.
