City Amends Verizon Wireless Tower Lease Through 2031+

$3,400.00 per month starting August 1, 2031

FACILITIES

Original lease through July 31, 2031, plus Initial Extension Term August 1, 2031 – July 31, 2036, with two automatic 5-year Additional Extension Terms

2046-07-31

Agreement now expires July 31, 2031, then automatically extends for an Initial Extension Term of five years (to July 31, 2036) and two additional five-year terms, unless SMSA gives at least 30 days’ notice before the end of the then-current term. Rent increases by 10% at each Additional Extension Term.

AgendaPacket