Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
SLPS staff presents Vertical Bridge lease buyout options for two school cell towers; committee delays decision pending legal review
Summary
Staff presented buyout offers from Vertical Bridge for cell-tower leases at Nance Elementary and Long Middle School, showing lump-sum and installment options; committee asked legal counsel to review successor-liability language and held action to the next meeting.
SLPS staff reported Sept. 15 that Vertical Bridge has offered lease buyout options for two cell-tower sites on district property: Nance Elementary School and Long Middle School. The committee reviewed lump-sum and installment options and directed staff to obtain legal review of successor provisions before selecting an option.
Staff said SLPS currently receives about $12,000 a year from each tower lease. For Nance Elementary, Vertical Bridge presented three options: a lump-sum payment of $165,000;…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
