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Finance committee recommends moving forward with amendment to cell tower lease on East Staunton Road
Summary
The finance committee unanimously recommended advancing a lease amendment for the cell tower at 202 East Staunton Road that includes an initial extension, a stair-step rent increase beginning Dec. 1 and an immediate $10,000 payment from the lessee; staff said the law director advised an extension is permissible.
The finance committee voted Nov. 10 to recommend moving forward with a negotiated amendment to a cell tower lease at 202 East Staunton Road, staff said.
Christie, the presenting staff member, described the proposal as a negotiated extension requested by the current lessee for the tower located west of the water treatment plant. Staff said the original lease was entered on 07/20/2024 and that the agreement includes five-year terms with optional extensions that must be mutually agreed.…
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