District Extends T-Mobile Tower Easement to 2049

$1,866.24 per month increasing to $2,239.49 per month as of February 23, 2029, plus one-time $20,000 Conditional Signing Bonus

FACILITIES

Easement/lease initial term February 23, 2004 – February 22, 2009 with eight 5-year renewal terms; final lease extension expiring February 22, 2049; four renewal terms remaining commencing February 23, 2029

2049-02-22

Initial term February 23, 2004 – February 22, 2009, followed by eight five-year renewal terms; four renewal terms have already been exercised, and four renewal terms remain beginning February 23, 2029. Lease term automatically extends for each successive renewal term unless Grantee gives at least 90 days’ notice of intent not to renew before the end of the then-current five-year term; monthly fee increases by 20% at the start of each remaining renewal term.

Agreement