FACILITIESPENDING

Town Reviews New Verizon Water Tower Lease Proposal

Verizon has offered the Town of Morristown a revised water tower lease, proposing $11,404.32 in annual rent with a 3% annual escalator and a longer renewal term, or a $200,000 lump sum in exchange for a perpetual easement. The Board deferred action pending additional information.

Status
PENDING
Document date
June 9, 2026
Contract type
FACILITIES
Vendor
VERIZON
Agency
Morristown Water District · NY

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$11,404.32 annually with 3% annual escalator, or lump sum payment of $200,000
Contract type
FACILITIES
Contract term
Proposed five-year additional renewal term with 3% annual escalation; alternative lump sum with perpetual easement
Renewal
Proposal would extend the current renewal term from four to five years with a 3% annual rent escalation or convert to a one-time $200,000 payment with a perpetual easement; no decision yet.
Document type
Minutes
Source document
Town of Morristown Town Board Meeting Minutes 2026-06-09

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Morristown Water District?

VERIZON was awarded this facilities contract by Morristown Water District, as recorded on June 9, 2026. The contract value is $11,404.32 annually with 3% annual escalator, or lump sum payment of $200,000.

How much is the VERIZON contract with Morristown Water District worth?

The VERIZON contract with Morristown Water District is valued at $11,404.32 annually with 3% annual escalator, or lump sum payment of $200,000, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Town of Morristown Town Board Meeting Minutes 2026-06-09 (Minutes), dated June 9, 2026 from Morristown Water District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does VERIZON hold?

VERIZON may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View VERIZON's profile

What is Morristown Water District currently buying?

Explore Morristown Water District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Morristown Water District's profile

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