FACILITIESAMENDED

Raytown Board of Aldermen AgendaPacket 2026-05-19

Raytown Extends Verizon Cell Tower Lease Through 2068

Raytown Highway 350 Trans Dev DistCELLCO PARTNERSHIP DBA VERIZON WIRELESSMay 19, 2026

Trusted by teams at

Description

The Raytown Board of Aldermen approved a First Amendment to the tower lease agreement with Cellco Partnership d/b/a Verizon Wireless for the self-supporting tower at 10000 East 59th Street. The amendment extends the lease with six additional five-year renewal terms, updates assignment and notice provisions, and keeps the existing rent escalation schedule in place.

Contract Details

Vendor

CELLCO PARTNERSHIP DBA VERIZON WIRELESS

Agency

Raytown Highway 350 Trans Dev Dist, MO

Contract Type

FACILITIES

Document Date

May 19, 2026

Contract Term

Original lease ending 2038, plus six (6) additional five-year renewal periods through June 30, 2068, with automatic five-year renewals thereafter unless terminated

Renewal Date

2068-06-30

Renewal Info

Lease originally ran to 2038 with four five-year renewals; this First Amendment adds six more five-year renewal periods, automatically exercised unless Verizon gives 30 days’ written notice of non-renewal, and provides for continued five-year renewal cycles beyond June 30, 2068 until either party terminates with 30 days’ notice. Annual rent increases 10% at the start of each five-year extension term as per the extension rentals clause.

More from CELLCO PARTNERSHIP DBA VERIZON WIRELESS