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Council approves $36,000 annual Verizon lease extension; consultant presents draft economic development plan
Summary
Council approved a Verizon water‑tower lease extension that will raise rent to $36,000/year with 3% annual increases; staff said the 10‑year value is about $460,000. Separately, TPMA presented a draft strategic economic development plan recommending a funded ED director, stronger regional partnerships, business retention outreach and town‑center activation.
The Harrisburg Town Council on Aug. 12 approved an amendment to the town’s lease with Verizon that adds two five‑year extension options and raises annual rent to $36,000 starting April 1, 2025, with 3% annual increases. Mallory (Finance/Staff) told council she negotiated the rate up from an initial calculation of about $32,254; she estimated total fiscal impact over 10 years at roughly $460,000. The amendment was reviewed by the town attorney and approved by voice vote.
Councilmember questions focused on local…
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