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Technology committee authorizes staff to negotiate Verizon lease options, asks for technical briefing
Summary
The committee authorized the town negotiator to pursue revised lease options with Verizon — weighing a reduced rent against a lump-sum payment — and asked Verizon to present technical details to the committee before council action.
The Los Altos Hills Technology Committee unanimously authorized town staff to negotiate with Verizon on a lease for telecom ground equipment and asked Verizon to provide a technical presentation to the committee.
Staff described two options from Verizon: a reduction in recurring rent or a one-time lump-sum payment for perpetual rights to the ground-space.…
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