FACILITIESRECOMMENDED

City Weighs $700K Water Tower Easement Deal

Hart officials are considering a 55‑year easement agreement with EIP Holdings IV LLC for the city’s water tower wireless site. The deal would pay the City $700,000 at closing and share 50% of net revenues from any additional wireless carriers locating on the tower.

Document date · July 14, 2026

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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
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
$700,000 one-time payment plus 50% of net rental revenues from future additional carriers
Contract type
FACILITIES
Contract term
Easement term of 55 years from Effective Date; revenue sharing on additional carriers for the duration
Renewal date
2081-12-31
Renewal
Fixed 55‑year easement term with no renewal specified; agreement can be terminated by grantee if use ceases, and revenue sharing continues for any additional tenants during the term.
Document type
Agenda
Source document
City of Hart City Council Agenda 2026-07-14

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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 Hart?

Eip Holdings Iv Llc was awarded this facilities contract by City of Hart, as recorded on July 14, 2026. The contract value is $700,000 one-time payment plus 50% of net rental revenues from future additional carriers.

How much is the Eip Holdings Iv Llc contract with City of Hart worth?

The Eip Holdings Iv Llc contract with City of Hart is valued at $700,000 one-time payment plus 50% of net rental revenues from future additional carriers, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Hart City Council Agenda 2026-07-14 (Agenda), dated July 14, 2026 from City of Hart. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Eip Holdings Iv Llc hold?

Eip Holdings Iv 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.

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