City Advances Long-Term Lease With American Tower
Burlington Housing AuthorityLocal Housing Authority · Burlington, NC- Disclosed value
- $17,622.12 per year with 3% annual increase, one-time payment of $30,000, plus 50% of sublease rents
- From agendapacket
- Document date
- Apr 5, 2022
- Renews
- Free account
The 30-second brief
Burlington City Council moved forward with extending its ground lease with American Tower Asset Sub, LLC for the Hawkins Street communications tower site. The amended lease will run through June 30, 2042 with escalating annual rent, a $30,000 lump-sum payment, and sharing of sublease revenues.
American Tower Asset Sub LLC holds this utilities contract with Burlington Housing Authority. Its other public contracts on record include work for Borough of Somerdale and Kent County.
The renewal date is on record. A free account shows it, with the renewals for every Burlington Housing Authority contract.
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Contract details
- Contract type
- Utilities
- Amount
- $17,622.12 per year with 3% annual increase, one-time payment of $30,000, plus 50% of sublease rents
- Document date
- April 5, 2022
- Term
- Existing lease extended with three additional five-year renewal terms from July 1, 2027 to June 30, 2042
- Renews
- Free account
- Source document
- City of Burlington City Council Meeting Agenda Packet April 5, 2022 (AgendaPacket)
American Tower Asset Sub LLC's other public contracts
More Burlington Housing Authority contracts
Questions about this contract
Who was awarded the utilities contract by Burlington Housing Authority?
American Tower Asset Sub LLC was awarded this utilities contract by Burlington Housing Authority, as recorded on April 5, 2022. The contract value is $17,622.12 per year with 3% annual increase, one-time payment of $30,000, plus 50% of sublease rents.
How much is the American Tower Asset Sub LLC contract with Burlington Housing Authority worth?
The American Tower Asset Sub LLC contract with Burlington Housing Authority is valued at $17,622.12 per year with 3% annual increase, one-time payment of $30,000, plus 50% of sublease rents, covering utilities work.
What type of contract is this?
This is a Utilities contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in City of Burlington City Council Meeting Agenda Packet April 5, 2022 (AgendaPacket), dated April 5, 2022 from Burlington Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does American Tower Asset Sub LLC hold?
American Tower Asset Sub 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 Burlington Housing Authority currently buying?
Explore Burlington Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.