Town of Spencer Awards Facilities Contract to Diamond Towers V LLC (April 2026)
Town of SpencerCity · NC- Disclosed value
- $1,000 Option Consideration; $1,000 for each 18‑month option renewal term; $1,200 per month for Initial Lease Term with 3% annual increases
- From minutes
- Approved
- Apr 14, 2026
The 30-second brief
The Spencer Board of Aldermen approved an Option and Ground Lease Agreement with Diamond Towers V LLC to construct and operate a wireless communications tower on town property at 600 Sowers Ferry Road. The deal provides $1,000 in option consideration and lease revenues starting at $1,200 per month with 3% annual increases over a potential multi‑decade term, along with access and utility easements.
Diamond Towers V LLC holds this facilities contract with Town of Spencer. Its other public contracts on record include work for Township of Long Hill and Anna Independent School District.
Term as filed: Option: initial 18 months with one 18‑month renewal; Lease: initial 5-year term with four 5-year renewal terms and possible month-to-month holdover.
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Contract details
- Contract type
- Facilities
- Amount
- $1,000 Option Consideration; $1,000 for each 18‑month option renewal term; $1,200 per month for Initial Lease Term with 3% annual increases
- Document date
- April 14, 2026
- Term
- Option: initial 18 months with one 18‑month renewal; Lease: initial 5-year term with four 5-year renewal terms and possible month-to-month holdover
- Vendor
- Diamond Towers V LLC
- Agency
- Town of Spencer
- Source document
- Spencer Board of Aldermen Minutes 2026-04-14 (Minutes)
Diamond Towers V LLC's other public contracts
More Town of Spencer contracts
Questions about this contract
Who was awarded the facilities contract by Town of Spencer?
Diamond Towers V LLC was awarded this facilities contract by Town of Spencer, as recorded on April 14, 2026. The contract value is $1,000 Option Consideration; $1,000 for each 18‑month option renewal term; $1,200 per month for Initial Lease Term with 3% annual increases.
How much is the Diamond Towers V LLC contract with Town of Spencer worth?
The Diamond Towers V LLC contract with Town of Spencer is valued at $1,000 Option Consideration; $1,000 for each 18‑month option renewal term; $1,200 per month for Initial Lease Term with 3% annual increases, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Spencer Board of Aldermen Minutes 2026-04-14 (Minutes), dated April 14, 2026 from Town of Spencer. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Diamond Towers V LLC hold?
Diamond Towers V 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 Town of Spencer currently buying?
Explore Town of Spencer's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
