FACILITIESPENDING

School District 56 Conestoga Option and Lease Agreement

District grants cell tower ground lease option

$1,000.00 option fee plus $1,150.00/month base rent with 1.50% annual increasesConestoga Public SchoolsTHE TOWERS LLCMay 18, 2026

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Description

School District 56 Conestoga is entering into an option and long-term ground lease with The Towers, LLC for a 3,600-square-foot portion of its NORTH CASS property to host communications facilities. The agreement includes a $1,000 option fee, base rent of $1,150 per month with annual escalations, and an initial 5-year term with up to nine 5-year renewal options.

Contract Details

Contract Amount

$1,000.00 option fee plus $1,150.00/month base rent with 1.50% annual increases

Vendor

THE TOWERS LLC

Agency

Conestoga Public Schools, NE

Contract Type

FACILITIES

Document Date

May 18, 2026

Contract Term

Option Period: initial 1 year from Effective Date, renewable for 9 additional months; Lease: initial 5-year term with nine (9) successive 5-year renewal terms; holdover month-to-month at 120% rent

Renewal Info

Tenant may extend the Initial Option Period for nine (9) additional months upon written notice and payment of an additional $1,000 before the option expires. After lease commencement, Tenant has the option to extend the Initial Term for nine (9) successive five-year Renewal Terms, each beginning automatically unless Tenant gives at least 30 days' written notice of non-renewal before the end of the current term. Holdover tenancy converts to month-to-month at 120% of the last monthly rent.