City considers EIP Holdings easement deal for cell tower
City of AbbotsfordCity · Abbotsford, WI- Disclosed value
- $20,000 per year plus $20,000 one-time bonus until 2030; thereafter greater of 50% of net rental revenues or $30,000/year with 3% annual increases
- From agenda
- Document date
- May 2, 2022
- Renews
- Free account
The 30-second brief
EIP Holdings II, LLC has proposed an easement agreement with the City of Abbotsford for the cell tower at 315 S. 11th Street. The deal would pay the city $20,000 per year plus a $20,000 bonus until 2030, then at least $30,000 annually or 50% of net rental revenues with escalations thereafter.
Eip Holdings Ii LLC holds this contract with City of Abbotsford. Its other public contracts on record include work for Santa Fe Irrigation District and Shasta County.
The renewal date is on record. A free account shows it, with the renewals for every City of Abbotsford contract.
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Contract details
- Amount
- $20,000 per year plus $20,000 one-time bonus until 2030; thereafter greater of 50% of net rental revenues or $30,000/year with 3% annual increases
- Document date
- May 2, 2022
- Term
- From closing through at least September 18, 2030 under current lease; ongoing thereafter under Easement Agreement
- Renews
- Free account
- Vendor
- Eip Holdings Ii LLC
- Agency
- City of Abbotsford
- Source document
- abbotsford_city_council_meeting_agenda_may_2_2022.pdf (Agenda)
Eip Holdings Ii LLC's other public contracts
More City of Abbotsford contracts
Questions about this contract
Who was awarded the government contract by City of Abbotsford?
Eip Holdings Ii LLC was awarded this government contract by City of Abbotsford, as recorded on May 2, 2022. The contract value is $20,000 per year plus $20,000 one-time bonus until 2030; thereafter greater of 50% of net rental revenues or $30,000/year with 3% annual increases.
How much is the Eip Holdings Ii LLC contract with City of Abbotsford worth?
The Eip Holdings Ii LLC contract with City of Abbotsford is valued at $20,000 per year plus $20,000 one-time bonus until 2030; thereafter greater of 50% of net rental revenues or $30,000/year with 3% annual increases.
What type of contract is this?
This is a government contract, documented as a agenda record.
Where was this contract approved?
This contract appears in abbotsford_city_council_meeting_agenda_may_2_2022.pdf (Agenda), dated May 2, 2022 from City of Abbotsford. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Eip Holdings Ii LLC hold?
Eip Holdings Ii 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 City of Abbotsford currently buying?
Explore City of Abbotsford's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.