Vertical Bridge proposes cell tower lease/easement
City of FaribaultCity · Faribault, MN- Disclosed value
- 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
- From agendapacket
- Document date
- Aug 18, 2026
The 30-second brief
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.
Vertical Bridge holds this facilities contract with City of Faribault. Its other public contracts on record include work for Upper Moreland Hatboro Joint Sewer Authority and City of North Little Rock.
Term as filed: Option A: perpetual easement; Option B: 50-year lease with up to 48-month option period prior to construction.
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Contract details
- Contract type
- Facilities
- 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
- Document date
- August 18, 2026
- Term
- Option A: perpetual easement; Option B: 50-year lease with up to 48-month option period prior to construction
- Vendor
- Vertical Bridge
- Agency
- City of Faribault
- Source document
- City of Faribault AgendaPacket 2026-08-18 (AgendaPacket)
Vertical Bridge's other public contracts
More City of Faribault contracts
Questions about this contract
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.
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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.
What is City of Faribault currently buying?
Explore City of Faribault's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
