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UCPS staff seek approval to extend Crown Castle lease at Middle School/High School D site to 2050 for higher rent and new tenant prospects
Summary
District staff presented a proposed extension of a Crown Castle cell-tower lease on a future Middle School/High School D site, described current and proposed payments, and answered board members' questions about location, sale implications and site size; no final vote was recorded in the transcript excerpt.
Union County Public Schools staff asked the Board of Education to approve an extension of a Crown Castle lease for a cell-tower site on property set aside for the Middle School/High School D project.
The staff presentation said the lease began in February 2011 and that Crown Castle approached the district seeking a longer term to attract an additional wireless tenant. The presenter said Crown Castle requested a 30-year extension but staff negotiated an 18-year extension that would extend the lease through 2050.
District staff reported the current base rent is…
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