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Council approves five-year Verizon lease amendment for Memorial Park cell tower
Summary
The council unanimously approved a second amendment to the city's license agreement with Verizon for a cellular tower at Memorial Park, extending the lease and setting an initial annual rent of roughly $26,644 with 12% increases for renewal terms; staff said the change reduces city revenue compared with the original agreement but will continue to fund maintenance of the park's ballfield.
Angie (city attorney) reviewed the history of the Verizon license for a cell tower located on city-owned Memorial Park land and described terms of the proposed second amendment. She said the original agreement (effective 02/01/2015 through 01/31/2020) provided an initial yearly payment "about $18,000" with an automatic renewal structure; the new amendment extends the…
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