Wallace Negotiates Farrior Park Cell Tower Lease
Town of WallaceCity · NC- Disclosed value
- $900 per month; initial 10-year term net present value of $120,573 at a 4% discount rate
- From agendapacket
- Document date
- Aug 13, 2026
The 30-second brief
Wallace officials moved to negotiate a cell tower ground lease with Tillman Infrastructure at Farrior Park. Proposed terms call for $900 monthly rent, a 10-year initial term, 16 five-year renewals and 7% rent increases at each extension.
Tillman Infrastructure holds this facilities contract with Town of Wallace. Its other public contracts on record include work for Rock County and City of Lockport.
Term as filed: 10 years initially, with 16 additional five-year renewal terms (90 years total).
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Contract details
- Contract type
- Facilities
- Amount
- $900 per month; initial 10-year term net present value of $120,573 at a 4% discount rate
- Document date
- August 13, 2026
- Term
- 10 years initially, with 16 additional five-year renewal terms (90 years total)
- Vendor
- Tillman Infrastructure
- Agency
- Town of Wallace
- Source document
- Town of Wallace AgendaPacket Regular Meeting August 13, 2026 (AgendaPacket)
Tillman Infrastructure's other public contracts
More Town of Wallace contracts
Questions about this contract
Who was awarded the facilities contract by Town of Wallace?
Tillman Infrastructure was awarded this facilities contract by Town of Wallace, as recorded on August 13, 2026. The contract value is $900 per month; initial 10-year term net present value of $120,573 at a 4% discount rate.
How much is the Tillman Infrastructure contract with Town of Wallace worth?
The Tillman Infrastructure contract with Town of Wallace is valued at $900 per month; initial 10-year term net present value of $120,573 at a 4% discount rate, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Town of Wallace AgendaPacket Regular Meeting August 13, 2026 (AgendaPacket), dated August 13, 2026 from Town of Wallace. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Tillman Infrastructure hold?
Tillman Infrastructure 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 Town of Wallace currently buying?
Explore Town of Wallace's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.