City of South Pasadena Awards $4,399,347 Facilities Contract to Tower Ventures (August 2020)
City of South PasadenaCity · FL- Disclosed value
- $4,399,347
- From agenda
- Approved
- Aug 19, 2020
- Renews
- Free account
The 30-second brief
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.
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.
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
- Vendor
- Tower Ventures
- Agency
- City of South Pasadena
- 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.