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Supervisors discuss Verizon rent reduction request for two county towers, take no immediate action
Summary
County officials reviewed a proposed fourth amendment from Verizon that would reduce scheduled rent increases for Montross and Nashtown tower leases; supervisors raised concerns about reducing rent and whether Verizon gave required termination notice, and the board decided not to take action at the work session.
Supervisors reviewed a proposed fourth amendment to lease agreements for two county tower sites used by Verizon but did not take action at Tuesday's work session.
An official (Speaker 5) summarized the proposal, saying Verizon was "requesting a 5% reduction in rent over a 5 year term or 1% per year" and describing how the original lease provided successive five-year…
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