City Amends Verizon Wireless Lease at Wagner Park
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Description
The City Council will amend its lease with Los Angeles SMSA Limited Partnership dba Verizon Wireless for a wireless facility at Wagner Park, adding a $75,000 rent prepayment for 2026–2027 and setting monthly rent at $2,300 from January 1, 2028 with 10% increases every five years. The agreement preserves four additional five-year renewal options for the wireless carrier.
Contract Details
Contract Amount
$75,000 one-time prepayment; $2,300/month starting 1/1/2028 with 10% increases every five years starting 7/1/2030
Vendor
LOS ANGELES SMSA LIMITED PARTNERSHIP DBA VERIZON WIRELESS
Agency
City of Placentia, CA
Contract Type
OTHER
Document Date
December 16, 2025
Contract Term
One-time rent prepayment covering January 1, 2026 through December 31, 2027; updated rent terms beginning January 1, 2028; four additional five-year renewal options
Renewal Date
2050-07-01
Renewal Info
Existing lease is amended to include a $75,000 rent prepayment for 2026–2027 and updated rent schedule from 2028 onward while maintaining four additional five-year renewal options.
More from LOS ANGELES SMSA LIMITED PARTNERSHIP DBA VERIZON WIRELESS
More from City of Placentia
city-of-placentia-contract-2034-01-23_780.pdf
City of Placentia City Council Regular Meeting Agenda May 19 2026
City of Placentia City Council Regular Meeting Agenda May 19 2026
City of Placentia City Council Regular Meeting Agenda May 19 2026
City of Placentia City Council Regular Meeting Agenda May 19 2026
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