UTILITIESAMENDED

Raytown Board of Aldermen AgendaPacket 2026-05-19

City extends Verizon cell tower lease through amendments

City of RaytownCELLCO PARTNERSHIP DBA VERIZON WIRELESSMay 19, 2026

Trusted by teams at

Description

The Raytown Board of Aldermen approved a first amendment to the existing tower lease with Cellco Partnership d/b/a Verizon Wireless for the city-owned cell tower at 10000 East 59th Street. The amendment extends Verizon’s lease rights through multiple additional five-year renewal terms while updating assignment and notice provisions without changing rent escalation terms.

Contract Details

Vendor

CELLCO PARTNERSHIP DBA VERIZON WIRELESS

Agency

City of Raytown, MO

Contract Type

UTILITIES

Document Date

May 19, 2026

Contract Term

Existing 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 through 2038 with four five-year renewals; this first amendment adds six additional five-year renewal periods automatically exercised unless Verizon provides 30 days’ written notice. If not terminated at the end of the sixth additional term in 2068, the lease continues in rolling five-year terms with 30-day advance termination rights and 10% rent increases each five-year term.

More from CELLCO PARTNERSHIP DBA VERIZON WIRELESS