City of Frankfort Monthly Management Reports 2026-06-12
TOWERCO Cellular Tower Lease Agreement Under Review
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Description
TOWERCO submitted a draft lease agreement to the City of Frankfort for a new cellular tower project. The lease, under legal review, could generate over $37,000 annually for the City if all three wireless carriers participate.
Contract Details
Contract Amount
$1,500/month (anchor tenant); $800/month for each additional tenant; plus $1,000 signing bonus. Potential total $37,200/year if all tenants.
Vendor
TOWERCO
Agency
City of Frankfort, MI
Contract Type
LEASE
Document Date
June 12, 2026
Contract Term
Pending; lease under review (will later be multi-year)
Renewal Info
Lease will be multi-year, with terms and renewal options set upon approval.
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