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Vernon Hills authorizes Verizon lease for village tower at Greenleaf Drive
Summary
The Village Board approved Resolution 2025-006 authorizing the village manager to execute a lease with Verizon Wireless for a tower slot at 490 Greenleaf Drive under terms described on the record: starting rent of $3,000 per month, 3% annual escalator, and a 25-year term with five-year periods and automatic extensions.
The Vernon Hills Village Board on Feb. 18 authorized the village manager to execute a lease with Verizon Wireless for an additional tenant slot on the existing tower at 490 Greenleaf Drive under Resolution 2025-006.
Director Jennings summarized the proposed basic lease terms: a starting rent of $3,000 per month with a 3% annual escalation, and a 25‑year lease…
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