School board extends tower ground lease to 2062

Scope & details

The full contract record, as filed.

Contract amount

$2,500.00 per month or 25% of sublease/license rent, plus one-time $25,000.00 bonus

Contract type

FACILITIES

Contract term

Existing ground lease dated July 24, 2001 extended by six (6) additional five-year renewal terms to a final expiration date of October 28, 2062

Renewal date

2062-10-28

Renewal

Original lease provided an initial five-year term and five additional five-year renewal terms with final expiration October 28, 2032. This amendment adds six more five-year renewal terms, creating a new final expiration date of October 28, 2062 and revises the rent structure and adds a one-time $25,000 Conditional Lease Amendment Signing Bonus if the amendment is fully executed.

Document type

Agreement

Source document

Board of Education of Frederick County Agreement to Amend Lease 2025-01-01

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Frederick County Public Schools?

Pinnacle Towers Acquisition Llc was awarded this facilities contract by Frederick County Public Schools, as recorded on January 1, 2025. The contract value is $2,500.00 per month or 25% of sublease/license rent, plus one-time $25,000.00 bonus.

How much is the Pinnacle Towers Acquisition Llc contract with Frederick County Public Schools worth?

The Pinnacle Towers Acquisition Llc contract with Frederick County Public Schools is valued at $2,500.00 per month or 25% of sublease/license rent, plus one-time $25,000.00 bonus, 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 Board of Education of Frederick County Agreement to Amend Lease 2025-01-01 (Agreement), dated January 1, 2025 from Frederick County Public Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pinnacle Towers Acquisition Llc hold?

Pinnacle Towers Acquisition 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.

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