OTHERPENDING

MD7 Proposes Lease Buyout, Future Tower Partnership

Verizon partner MD7 has submitted a Letter of Intent offering a $500,000 lump-sum payment to acquire the City of Marfa’s Verizon water tower lease and to cost-share on future tower leases. The proposal would require case-by-case approval by Maguire Water for new installations.

Status
PENDING
Document date
June 25, 2026
Contract type
OTHER
Vendor
MD7
Agency
City of Marfa · TX

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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
$500,000.00 one-time payment (through Letter of Intent with Verizon)
Contract type
OTHER
Contract term
Tied to acquisition of existing lease and cost-sharing on future leases; current lease runs through October 2031 after final 5-year renewal
Renewal date
2031-10-01
Renewal
Proposal involves acquisition and restructuring of an existing lease that will enter its final five-year renewal in October 2026; specific renewal or extension options with MD7 would be defined in a future agreement.
Document type
Agenda
Source document
City of Marfa Agenda Regular Meeting 2026-06-25

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Marfa?

MD7 was awarded this government contract by City of Marfa, as recorded on June 25, 2026. The contract value is $500,000.00 one-time payment (through Letter of Intent with Verizon).

How much is the MD7 contract with City of Marfa worth?

The MD7 contract with City of Marfa is valued at $500,000.00 one-time payment (through Letter of Intent with Verizon).

What type of contract is this?

This is a government contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Marfa Agenda Regular Meeting 2026-06-25 (Agenda), dated June 25, 2026 from City of Marfa. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does MD7 hold?

MD7 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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What is City of Marfa currently buying?

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

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