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Wilmette Park District Committee of the Whole Meeting Agenda March 2026

Legal Verizon entity in park rooftop lease amendment

Annual lease revenue $49,176.28 in FY 2026 with 3% annual escalation; one-time contribution $50,834 toward $72,620 chimney repairWilmette Park DistrictCHICAGO SMSA LIMITED PARTNERSHIP DBA VERIZON WIRELESSMarch 23, 2026

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Description

Chicago SMSA Limited Partnership d/b/a Verizon Wireless is party to an amended Building and Rooftop Site Agreement with the Wilmette Park District for telecommunications equipment at 1041 Ridge Road. The amendment updates the equipment plan, shares chimney repair costs, and affirms extended five-year renewal options with escalating lease revenue.

Contract Details

Contract Amount

Annual lease revenue $49,176.28 in FY 2026 with 3% annual escalation; one-time contribution $50,834 toward $72,620 chimney repair

Vendor

CHICAGO SMSA LIMITED PARTNERSHIP DBA VERIZON WIRELESS

Agency

Wilmette Park District, IL

Contract Type

LICENSE

Document Date

March 23, 2026

Contract Term

Agreement dated August 14, 2019; currently in first renewal term, with four additional automatic five-year renewal terms unless terminated with 9 months’ notice

Renewal Info

Under the amended Paragraph 3, upon expiration of the current renewal term the agreement automatically extends for four additional five-year renewal terms unless Verizon terminates by giving at least nine months’ written notice prior to the end of the then-current term. Agreement includes ongoing 3% annual rent escalations and rights for temporary facilities during chimney repairs.

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