UTILITIESAMENDED

Raytown Board of Aldermen AgendaPacket 2026-05-19

City extends Verizon cell tower lease terms

City of RaytownCELLCO PARTNERSHIP DBA VERIZON WIRELESSMay 19, 2026

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Description

The Raytown Board of Aldermen is set to approve a First Amendment to its tower lease with Cellco Partnership d/b/a Verizon Wireless for the cell tower at 10000 East 59th Street. The amendment extends Verizon’s tenancy by at least six additional five-year terms while keeping existing rent escalation and updating notice and assignment provisions.

Contract Details

Vendor

CELLCO PARTNERSHIP DBA VERIZON WIRELESS

Agency

City of Raytown, MO

Contract Type

UTILITIES

Document Date

May 19, 2026

Contract Term

Current lease through 2038 plus six additional five-year renewal periods, with further five-year terms thereafter unless terminated

Renewal Date

2068-06-30

Renewal Info

Original lease ran five years with four five-year renewals ending in 2038. The amendment adds six additional five-year renewal periods automatically exercised unless Verizon gives 30 days' notice, and after the sixth extension (through June 30, 2068) the lease continues in successive five-year terms until either party gives 30 days' notice before term end.

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