LICENSEPENDING

Mackinaw City Village Council Agenda February 2026

Village Weighs Long-Term AT&T Water Tower Lease Extension

$45,457.24 annually starting February 1, 2026, with 2.5% annual increases (AT&T paid $44,358.20 in the prior year)City of MackinawAT&TFebruary 5, 2026

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Description

Mackinaw City is considering a sixth amendment to its water tower lease with AT&T to extend the agreement beyond 2029 and reset annual rent to $45,457.24 starting in 2026 with 2.5% yearly increases. The change would add multiple five-year renewal terms and authorize AT&T to update its equipment on the tower.

Contract Details

Contract Amount

$45,457.24 annually starting February 1, 2026, with 2.5% annual increases (AT&T paid $44,358.20 in the prior year)

Vendor

AT&T

Agency

City of Mackinaw, MI

Contract Type

LICENSE

Document Date

February 5, 2026

Contract Term

Current term February 1, 2024 – January 31, 2029, plus five additional 5-year extension terms exercisable by either party (through potentially January 31, 2054)

Renewal Date

2029-01-31

Renewal Info

Amendment converts current term ending January 31, 2029 into a structure with five automatic 5-year extension terms unless either party gives at least 60 days’ written notice before the end of the then-current term; rent escalates 2.5% annually.