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City of Lynchburg Physical Development Committee Agenda Packet 2026-06-09

Cell Tower Lease Approved for Verizon Wireless at Water Plant

$11,400.00 per year (initial 5‐year term); 10% increase per renewal termCity of LynchburgCELLCO PARTNERSHIP DBA VERIZON WIRELESSJune 9, 2026

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Description

The City of Lynchburg authorized a ground lease agreement with Cellco Partnership d/b/a Verizon Wireless to install a monopole tower and communications facilities at the Abert Water Filtration Plant. The lease provides $11,400 per year in revenue for an initial five-year term, with four optional five-year renewal terms at a 10% rate increase per renewal.

Contract Details

Contract Amount

$11,400.00 per year (initial 5‐year term); 10% increase per renewal term

Vendor

CELLCO PARTNERSHIP DBA VERIZON WIRELESS

Agency

City of Lynchburg, VA

Contract Type

OTHER

Document Date

June 9, 2026

Contract Term

5 years initial, with four (4) additional 5-year renewal options

Renewal Date

2031-07-01

Renewal Info

Initial term is 5 years. Lessee has the option to extend for four additional 5-year terms, totaling up to 25 years. Each renewal term increases annual rent by 10% over the previous term. Requires mutual agreement and written notice.

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