CONTRACTAPPROVED

City of South Pasadena Awards $4,399,347 Facilities Contract to Tower Ventures (August 2020)

City of South Pasadena
Disclosed value
$4,399,347
From agenda
Approved
Aug 19, 2020
Renews
Free account

The 30-second brief

What it covers

The City of South Pasadena approved a long-term Master Lease with Tower Ventures for seven municipal wireless facility sites, receiving an upfront payment of $4,399,347 and future revenue sharing on new and expanded leases over a 55-year term ending in 2056. The agreement transfers landlord interests to Tower Ventures while preserving City control over design, relocation, and emergency access.

Who holds it

Tower Ventures holds this facilities contract with City of South Pasadena. Its other public contracts on record include work for Collierville School District and Fort Bend County Mud 188.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of South Pasadena contract.

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Contract details

Contract type
Facilities
Amount
$4,399,347
Document date
August 19, 2020
Term
55 years, commencing Effective Date in 2020 and terminating September 2056
Renews
Free account
Source document
city-of-south-pasadena-agenda-2020-08-19_1ae.pdf (Agenda)

Tower Ventures's other public contracts

More City of South Pasadena contracts

Questions about this contract

Who was awarded the facilities contract by City of South Pasadena?

Tower Ventures was awarded this facilities contract by City of South Pasadena, as recorded on August 19, 2020. The contract value is $4,399,347.

How much is the Tower Ventures contract with City of South Pasadena worth?

The Tower Ventures contract with City of South Pasadena is valued at $4,399,347, 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-south-pasadena-agenda-2020-08-19_1ae.pdf (Agenda), dated August 19, 2020 from City of South Pasadena. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Tower Ventures hold?

Tower Ventures 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 South Pasadena currently buying?

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

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