Reidsville City Council Minutes 2025-11-10
City Renews Vance Street Water Tank Cell Tower Lease
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Description
Reidsville City Council approved a lease renewal with Sprintcom, LLC for the existing cell tower on the Vance Street water tank. The agreement extends the current license beyond its August 2026 end date for up to five additional five-year terms with 4% annual rent increases.
Contract Details
Contract Amount
$47,677.46 current year; projected up to $127,000 in last year of renewal periods
Vendor
SPRINTCOM LLC
Agency
City of Reidsville, NC
Contract Type
UTILITIES
Document Date
November 10, 2025
Contract Term
Original 25-year term ending August 31, 2026, plus five additional five-year renewal terms, then month-to-month
Renewal Date
2051-08-31
Renewal Info
Current term ends August 31, 2026; Sprintcom has five successive five-year renewal options under the same terms and conditions, automatically renewing unless Sprintcom gives 30 days’ written notice of non-renewal. After the fifth renewal term, the lease becomes month-to-month under existing terms.
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