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Council Bluffs board approves 40-year ground lease with Marne & Elkhorn Telephone Company after questions on term and internet service
Summary
The Council Bluffs Community School District board approved a 40-year ground lease with Marne and Elkhorn Telephone Company following discussion about the long term, required fiber service and termination rights. Board members asked about economic life, whether the lease could be renegotiated and the long-term adequacy of a 1-gigabit service.
The Council Bluffs Community School District board voted to approve a 40-year ground lease agreement with Marne and Elkhorn Telephone Company for a site identified as the "Crescent" lease during its August workshop meeting. Board members raised questions about the 40-year term, the level and longevity of internet service included in the agreement, and termination/renegotiation options before the motion carried by roll call.
A board member asked, "This is a 40 year lease, and I was kind of curious, like, what the economic life of the building would be?" The district's staff presenter,…
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