OTHERPENDING

School District Reviews 90-Year Lease for Cell Tower with Harmoni Towers

St. Croix Falls School District is considering a ground lease agreement with Harmoni Towers AssetCo LLC for the construction and operation of a wireless communications tower at 651 E. Louisiana Street. The proposed lease includes a $1,100 due diligence fee for the initial year (renewable twice), followed by monthly rent of $1,100 with 1.5% annual escalation, for an initial 5-year term and 17 automatic 5-year renewals (up to 90 years). The agreement includes the right for Harmoni Towers to sublease the facility to other carriers, including Verizon Wireless.

Status
PENDING
Document date
November 18, 2024
Contract type
OTHER
Vendor
Harmoni Towers Assetco Llc
Agency
St. Croix Falls School District · WI

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$1,100.00 for initial one-year due diligence period, plus $1,100.00 for each of up to two additional one-year renewal periods, then $1,100.00/month escalating by 1.5% annually throughout the agreement
Contract type
OTHER
Contract term
Initial 5 years, with seventeen (17) automatic five-year renewals, up to 90 years total. Due diligence period up to three years prior to rent commencement.
Renewal date
2114-11-17
Renewal
Initial 5-year term; seventeen (17) automatic 5-year renewals (unless Tenant provides 60 days' notice prior to expiration of the then-current term); annual 1.5% rent escalation; holdover converts to month-to-month. Due diligence period renewable two times. Subleasing allowed to additional carriers.
Document type
Lease Agreement
Source document
st-croix-falls-school-districtlease-agreement-2024-11-18_aef.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by St. Croix Falls School District?

Harmoni Towers Assetco Llc was awarded this government contract by St. Croix Falls School District, as recorded on November 18, 2024. The contract value is $1,100.00 for initial one-year due diligence period, plus $1,100.00 for each of up to two additional one-year renewal periods, then $1,100.00/month escalating by 1.5% annually throughout the agreement.

How much is the Harmoni Towers Assetco Llc contract with St. Croix Falls School District worth?

The Harmoni Towers Assetco Llc contract with St. Croix Falls School District is valued at $1,100.00 for initial one-year due diligence period, plus $1,100.00 for each of up to two additional one-year renewal periods, then $1,100.00/month escalating by 1.5% annually throughout the agreement.

What type of contract is this?

This is a government contract, documented as a lease agreement record.

Where was this contract approved?

This contract appears in st-croix-falls-school-districtlease-agreement-2024-11-18_aef.pdf (Lease Agreement), dated November 18, 2024 from St. Croix Falls School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Harmoni Towers Assetco Llc hold?

Harmoni Towers Assetco 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.

View Harmoni Towers Assetco Llc's profile

What is St. Croix Falls School District currently buying?

Explore St. Croix Falls School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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