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Finance committee backs T‑Mobile lease for Middleton water tower after changing rent formula to CPI
Summary
The Middleton Finance & Personnel Committee recommended council approval of a lease with T‑Mobile for antenna space on water tower W‑169 after amending the contract’s rent‑escalation clause to track the Consumer Price Index over five‑year terms rather than a fixed 12.5% increase.
The Middleton Finance & Personnel Committee on Oct. 7 voted to recommend that the Common Council approve a lease with T‑Mobile Central LLC for antenna and ground space on water tower W‑169, after amending the contract’s rent‑escalation language to tie increases to the Consumer Price Index (CPI) over the previous five‑year period.
The amendment — moved during committee discussion and seconded — replaced a fixed “12.5% per five‑year term” escalation with wording that increases rent “by an amount equal to…
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