District Discusses New Cell Tower Lease Terms
Downers Grove Park DistrictSpecial District · Downers Grove, IL- Disclosed value
- Approximately $3,000 per month in rent; 20% increase in monthly rent; one-time signing bonus
- From report
- Document date
- Jun 1, 2025
- Renews
- Free account
The 30-second brief
Downers Grove Park District staff have negotiated a new 25-year lease framework with SBA Communications for the Gilbert Park cell tower, featuring a 20% rent increase, a one-time signing bonus, and a 4% annual rent escalator. The proposed agreement, which replaces the current 30-year lease expiring in 2027, is scheduled for discussion at the June Board Meeting.
Sba Communications holds this financial services contract with Downers Grove Park District. Its other public contracts on record include work for Village of Deposit and City of Lewiston.
The renewal date is on record. A free account shows it, with the renewals for every Downers Grove Park District contract.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $3,000 per month in rent; 20% increase in monthly rent; one-time signing bonus
- Document date
- June 1, 2025
- Term
- Existing 30-year lease expiring in 2027; proposed new 25-year lease
- Renews
- Free account
- Vendor
- Sba Communications
- Source document
- Downers Grove Park District Deputy Director Report June 2025 (Report)
Sba Communications's other public contracts
More Downers Grove Park District contracts
Questions about this contract
Who was awarded the financial services contract by Downers Grove Park District?
Sba Communications was awarded this financial services contract by Downers Grove Park District, as recorded on June 1, 2025. The contract value is Approximately $3,000 per month in rent; 20% increase in monthly rent; one-time signing bonus.
How much is the Sba Communications contract with Downers Grove Park District worth?
The Sba Communications contract with Downers Grove Park District is valued at Approximately $3,000 per month in rent; 20% increase in monthly rent; one-time signing bonus, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record.
Where was this contract approved?
This contract appears in Downers Grove Park District Deputy Director Report June 2025 (Report), dated June 1, 2025 from Downers Grove Park District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Sba Communications hold?
Sba Communications 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 Downers Grove Park District currently buying?
Explore Downers Grove Park District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.