FACILITIESPENDING

Vertical Bridge proposes cell tower lease/easement

Vertical Bridge has offered the City of Faribault either a $80,000 one-time payment for a perpetual easement or a 50-year lease starting at $800 per month, plus a $2,000 option payment, to host a cell tower on a 100' x 100' portion of City property at 1200 Belview Trail. The proposal includes an extended option period, annual rent escalations, and coverage of any tax increases due to the tower.

Status
PENDING
Document date
August 18, 2026
Contract type
FACILITIES
Vendor
Vertical Bridge
Agency
City of Faribault · MN

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Option A: one-time payment of $80,000; Option B: initial monthly payment of $800 for 50-year lease with 0.9% annual increase; plus $2,000 one-time option period payment
Contract type
FACILITIES
Contract term
Option A: perpetual easement; Option B: 50-year lease with up to 48-month option period prior to construction
Renewal
Under Option B, the 50-year lease includes annual rent increases of 0.9%; the proposal contemplates an option period of up to 48 months before lease commencement. Renewal beyond the initial 50-year term is not specified.
Document type
AgendaPacket
Source document
City of Faribault AgendaPacket 2026-08-18

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Faribault?

Vertical Bridge was awarded this facilities contract by City of Faribault, as recorded on August 18, 2026. The contract value is Option A: one-time payment of $80,000; Option B: initial monthly payment of $800 for 50-year lease with 0.9% annual increase; plus $2,000 one-time option period payment.

How much is the Vertical Bridge contract with City of Faribault worth?

The Vertical Bridge contract with City of Faribault is valued at Option A: one-time payment of $80,000; Option B: initial monthly payment of $800 for 50-year lease with 0.9% annual increase; plus $2,000 one-time option period payment, 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 City of Faribault AgendaPacket 2026-08-18 (AgendaPacket), dated August 18, 2026 from City of Faribault. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Vertical Bridge hold?

Vertical Bridge may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Faribault currently buying?

Explore City of Faribault's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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