FACILITIESAPPROVED

City of Craig Awards $330,000 Facilities Contract to Sba Monarch Towers Iii Llc (October 2025)

The City of Craig approved an Option Agreement with SBA Monarch Towers III, LLC to purchase the remaining term of the Sand Rocks communications site lease and convert it into an exclusive, perpetual communications easement for a one-time payment of $330,000. The transaction will close after SBA completes due diligence, including survey, title, and other standard closing conditions, at which point the City’s leasehold interest will be assigned to SBA.

Status
APPROVED
Document date
October 14, 2025
Contract type
FACILITIES
Vendor
Sba Monarch Towers Iii Llc
Agency
City of Craig · CO

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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
$330,000.00
Contract type
FACILITIES
Contract term
Perpetual communications easement; option period 60 days from full execution, closing thereafter
Renewal
The existing ground lease, originally executed with Nextel West Corp. and later assigned to SBA entities, will be bought out and converted into a perpetual easement held by SBA Monarch Towers III, LLC; no further renewals or additional consideration are due during the term of the easement.
Document type
Resolution
Source document
city_of_craig_resolution_33_option_agreement_with.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Craig?

Sba Monarch Towers Iii Llc was awarded this facilities contract by City of Craig, as recorded on October 14, 2025. The contract value is $330,000.00.

How much is the Sba Monarch Towers Iii Llc contract with City of Craig worth?

The Sba Monarch Towers Iii Llc contract with City of Craig is valued at $330,000.00, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a resolution record.

Where was this contract approved?

This contract appears in city_of_craig_resolution_33_option_agreement_with.pdf (Resolution), dated October 14, 2025 from City of Craig. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Sba Monarch Towers Iii Llc hold?

Sba Monarch Towers Iii Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Sba Monarch Towers Iii Llc's profile

What is City of Craig currently buying?

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

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