town-of-glenville-meeting-minutes-2024-06-19_5a3.pdf
Town Extends and Amends Tower Lease with UniSite LLC
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Description
The Town Board approved a second lease amendment with UniSite LLC, adding up to 20 years, area expansion, a rent escalator, and a $15,000 signing bonus for the Lolik Lane water tower site.
Contract Details
Contract Amount
$28,657.32 per year, 3% annual escalator starting March 27, 2027; $250/month per new collocation; $15,000 signing bonus
Vendor
UNISITE LLC
Agency
Town of Glenville, NY
Contract Type
OTHER
Document Date
June 19, 2024
Contract Term
four (4) additional five (5) year renewal terms, option to expand lease area
Renewal Date
2043-03-26
Renewal Info
Lease extended by four additional five-year options; escalator and expansion clauses included. If fully exercised, lease expires March 26, 2043.
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