Authority considers new AT&T tower lease agreement

$2,345.85 per month, with 10% increase each Extension Term

OTHER

Initial Term April 1, 2028 – March 31, 2033, with four automatic 5-year Extension Terms and subsequent Annual Terms and possible Holdover

2033-03-31

Existing 2001 lease is superseded; new agreement has a 5-year Initial Term commencing April 1, 2028, followed by four automatic 5-year Extension Terms unless Lessee gives 60 days’ nonrenewal notice, then automatic 1-year Annual Terms until terminated, with 10% rent escalation at the start of each 5-year Extension Term.

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