School district amends and extends wireless tower ground lease
Lake Orion Community SchoolsSchool · Lake Orion, MI- Disclosed value
- One Hundred Ten Thousand and No/100 Dollars ($110,000.00) one-time payment plus $3,500.00 per month commencing September 1, 2023 with 3% annual rent escalations; additional $300.00 per month Additional Rent if Expansion Area is exercised; $300.00 per month per qualifying Customer as Installation Fee with 3% annual escalations
- From agreement
- Document date
- Jan 31, 2023
- Renews
- Free account
The 30-second brief
Lake Orion Community Schools approved a First Amendment to its 2012 Wireless Communications Ground Lease with American Tower Asset Sub II, LLC, extending the lease term to 50 years starting September 1, 2023. The amendment provides a one-time $110,000 payment to the district, increases monthly rent to $3,500 with 3% annual escalations, and adds options for site expansion and additional customer installations with associated fees.
American Tower Asset Sub Ii LLC holds this facilities contract with Lake Orion Community Schools. Its other public contracts on record include work for Town of Oconomowoc and Louisa County.
The renewal date is on record. A free account shows it, with the renewals for every Lake Orion Community Schools contract.
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Contract details
- Contract type
- Facilities
- Amount
- One Hundred Ten Thousand and No/100 Dollars ($110,000.00) one-time payment plus $3,500.00 per month commencing September 1, 2023 with 3% annual rent escalations; additional $300.00 per month Additional Rent if Expansion Area is exercised; $300.00 per month per qualifying Customer as Installation Fee with 3% annual escalations
- Document date
- January 31, 2023
- Term
- Amendment effective as of latter signature date; lease term set to fifty (50) years commencing September 1, 2023 (final expiration date referenced as August 31, 2073 assuming all options exercised)
- Renews
- Free account
- Source document
- first_amendment_to_wireless_communications_ground.pdf (Agreement)
American Tower Asset Sub Ii LLC's other public contracts
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Questions about this contract
Who was awarded the facilities contract by Lake Orion Community Schools?
American Tower Asset Sub Ii LLC was awarded this facilities contract by Lake Orion Community Schools, as recorded on January 31, 2023. The contract value is One Hundred Ten Thousand and No/100 Dollars ($110,000.00) one-time payment plus $3,500.00 per month commencing September 1, 2023 with 3% annual rent escalations; additional $300.00 per month Additional Rent if Expansion Area is exercised; $300.00 per month per qualifying Customer as Installation Fee with 3% annual escalations.
How much is the American Tower Asset Sub Ii LLC contract with Lake Orion Community Schools worth?
The American Tower Asset Sub Ii LLC contract with Lake Orion Community Schools is valued at One Hundred Ten Thousand and No/100 Dollars ($110,000.00) one-time payment plus $3,500.00 per month commencing September 1, 2023 with 3% annual rent escalations; additional $300.00 per month Additional Rent if Expansion Area is exercised; $300.00 per month per qualifying Customer as Installation Fee with 3% annual escalations, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a agreement record.
Where was this contract approved?
This contract appears in first_amendment_to_wireless_communications_ground.pdf (Agreement), dated January 31, 2023 from Lake Orion Community Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does American Tower Asset Sub Ii LLC hold?
American Tower Asset Sub Ii 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.
What is Lake Orion Community Schools currently buying?
Explore Lake Orion Community Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.