Arlington Heights Park District Awards Facilities Contract to American Tower Asset Sub Ii LLC (November 2021)
Arlington Heights Park DistrictSpecial District · Arlington Heights, IL- Disclosed value
- $35,000 signing bonus; $3,000/month aggregated rent with 3% annual escalation; 25% revenue share
- From minutes
- Approved
- Nov 9, 2021
- Renews
- Free account
The 30-second brief
The Arlington Heights Park District Board approved amendments to the cell tower ground lease with American Tower Asset Sub II, LLC for the site at 1440 E. Davis Street. The agreement adds six five-year lease periods, provides a $35,000 signing bonus, sets initial rent at $3,000 per month with annual escalations, and includes a 10-year rent guarantee and revenue sharing.
American Tower Asset Sub Ii LLC holds this facilities contract with Arlington Heights Park District. Its other public contracts on record include work for Town of Oconomowoc and Louisa County.
The renewal date is on record. A free account shows it, with the renewals for every Arlington Heights Park District contract.
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Contract details
- Contract type
- Facilities
- Amount
- $35,000 signing bonus; $3,000/month aggregated rent with 3% annual escalation; 25% revenue share
- Document date
- November 9, 2021
- Term
- Six additional 5-year lease periods commencing July 1, 2022; 10-year rent guarantee
- Renews
- Free account
- Source document
- Arlington Heights Park District Board Meeting Minutes November 2021 (Minutes)
American Tower Asset Sub Ii LLC's other public contracts
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Questions about this contract
Who was awarded the facilities contract by Arlington Heights Park District?
American Tower Asset Sub Ii LLC was awarded this facilities contract by Arlington Heights Park District, as recorded on November 9, 2021. The contract value is $35,000 signing bonus; $3,000/month aggregated rent with 3% annual escalation; 25% revenue share.
How much is the American Tower Asset Sub Ii LLC contract with Arlington Heights Park District worth?
The American Tower Asset Sub Ii LLC contract with Arlington Heights Park District is valued at $35,000 signing bonus; $3,000/month aggregated rent with 3% annual escalation; 25% revenue share, 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 Arlington Heights Park District Board Meeting Minutes November 2021 (Minutes), dated November 9, 2021 from Arlington Heights Park District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does American Tower Asset Sub Ii LLC hold?
American Tower Asset Sub Ii LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Arlington Heights Park District currently buying?
Explore Arlington Heights Park District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.