Antenna Lease Extension Proposed for SBA Monarch Towers
- Disclosed value
- $100.00 consideration; lease rent continues to escalate 15% with each five-year renewal
- From agendapacket
- Document date
- Oct 13, 2026
- Renews
- Free account
The 30-second brief
Eastpointe City Council is considering a first amendment with SBA Monarch Towers III, LLC for the antenna lease at 19400 Stephens Drive. The amendment would add six five-year renewal terms beyond the current November 6, 2037 expiration date, with 15% rent increases at each renewal.
Sba Monarch Towers Iii LLC holds this facilities contract with City of Eastpointe. Its other public contracts on record include work for Evergreen Park village and City of Ceres.
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Contract details
- Contract type
- Facilities
- Amount
- $100.00 consideration; lease rent continues to escalate 15% with each five-year renewal
- Document date
- October 13, 2026
- Term
- Original lease expires November 6, 2037; six additional successive five-year renewal terms, potentially extending through November 6, 2067
- Renews
- On record
- Agency
- City of Eastpointe
- Source document
- Eastpointe City Council AgendaPacket City Council Regular Meeting 2026-10-13 (AgendaPacket)
Sba Monarch Towers Iii LLC's other public contracts
More City of Eastpointe contracts
Questions about this contract
Who was awarded the facilities contract by City of Eastpointe?
Sba Monarch Towers Iii LLC was awarded this facilities contract by City of Eastpointe, as recorded on October 13, 2026. The contract value is $100.00 consideration; lease rent continues to escalate 15% with each five-year renewal.
How much is the Sba Monarch Towers Iii LLC contract with City of Eastpointe worth?
The Sba Monarch Towers Iii LLC contract with City of Eastpointe is valued at $100.00 consideration; lease rent continues to escalate 15% with each five-year renewal, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Eastpointe City Council AgendaPacket City Council Regular Meeting 2026-10-13 (AgendaPacket), dated October 13, 2026 from City of Eastpointe. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Sba Monarch Towers Iii LLC hold?
Sba Monarch Towers Iii 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 Eastpointe currently buying?
Explore City of Eastpointe's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.