Placentia City Council Meeting Agenda December 2025
Verizon Wireless Lease Amended for Wagner Park Facility
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Description
The City approved an amendment to the lease with Verizon Wireless for cell facility use at Wagner Park, securing a $75,000 prepayment and updated escalating rent terms running through at least 2045.
Contract Details
Contract Amount
$75,000 one-time; $2,300/month (1/1/2028-6/30/2030); escalating to $3,061.30/month (7/1/2040+)
Vendor
LOS ANGELES SMSA LIMITED PARTNERSHIP DBA VERIZON WIRELESS
Agency
City of Placentia, CA
Contract Type
OTHER
Document Date
December 2, 2025
Contract Term
January 1, 2026 – June 30, 2045 (base term plus four 5-year renewals)
Renewal Date
2045-06-30
Renewal Info
Four additional 5-year renewal options available beyond initial amended term.
More from LOS ANGELES SMSA LIMITED PARTNERSHIP DBA VERIZON WIRELESS
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