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Lynn Township OKs Crown Castle cell-tower lease with $20,000 signing bonus and escalators
Summary
The Lynn Township Board unanimously approved a proposed Crown Castle lease that includes five-year renewal options, scheduled escalators (including a one-time 15% bump in 2033), higher percentage terms for future carriers and additional tenants, and a $20,000 signing bonus.
The Lynn Township Board of Supervisors unanimously approved a lease agreement with Crown Castle for the township’s cell tower during its Jan. 6, 2025 re-organization meeting.
The board recorded that the lease provides five-year renewal terms and includes several escalator provisions: a one-time 15% increase in 2033 on top of normal escalations; a 35% rate applied for any future carriers; and a 35% rate for tenants occupying additional space (a 54-by-34 addition). The agreement also includes a $20,000 signing bonus. The motion to approve the lease was made by Fritz Najarian and seconded by Ronald Jerdon and carried unanimously.
Minutes do not show a detailed fiscal projection beyond the signing bonus and percentage escalators. The leasing arrangement was recorded under miscellaneous business. The board did not record any public comment or opposition in the minutes.
The board also recorded operating revenue from cell-tower royalties in its financial ledger (cell tower rent of $2,928.20 listed in the income lines). Further action or execution steps (signature details and effective date) were not specified in the minutes.
