City Approves $700,000 Water Tower Easement Deal

The Hart City Council approved an easement transaction with EIP Holdings IV, LLC for the municipal water tower site at 3701 Spencer Farm Road. The City will receive $700,000 at closing and share in future revenue from wireless communications tenants under the Letter and Easement Agreements.

Document date · July 14, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$700,000 plus future revenue sharing

Contract type

OTHER

Renewal

Single easement sale with ongoing revenue sharing; no defined renewal term is specified in the minutes.

Document type

Minutes

Source document

City of Hart Minutes Regular Meeting of City Council 2026-07-14

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City of Hart Agenda 2026-07-28

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City of Hart, Michigan$700,000 plus ongoing revenue sharingJul 28, 2026

City of Hart City Council Agenda 2026-07-14

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Hart?

Eip Holdings Iv Llc was awarded this government contract by City of Hart, as recorded on July 14, 2026. The contract value is $700,000 plus future revenue sharing.

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 plus future revenue sharing.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Hart Minutes Regular Meeting of City Council 2026-07-14 (Minutes), 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.

View Eip Holdings Iv Llc's profile

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