Broken Arrow City Council
Meeting of: 12-3-2024
Title:
title
Approval of and authorization to execute a Second Amendment for a five-year extension on the Lease Agreement at Tiger Hill with Cellco Partnership DBA Verizon Wireless
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Background:
Commencing on May 1st, 2026, a second amendment will begin with Cellco Partnership DBA Verizon Wireless and will allow the utilization of the tower located on Tiger Hill for their cellular communication. The agreement currently in place is set to expire on April 30, 2026, and new terms have been negotiated for an additional five-year lease agreement at this tower site, with the option to extend the agreement for three additional five-year periods. In the amendment to the agreement the rent will be $33,506.35 annually and increase 2% every year after. Cellco Partnership DBA Verizon will pay a one-time signing bonus of $2,783.00 to the City of Broken Arrow within 90 days of the amendment effective date
Cost: $0
Funding Source: None required
Requested By: Scott Carr, Director of Information Technology
Approved By: City Manager’s Office
Attachments:
KenoshaStreetAmendmentExecutable11424, Tiger Hill 1st Amendment, Verizon Tiger Hill
Recommendation:
recommend
Approve of and authorize the execution of the Second Amendment for a five-year extension on Lease Agreement at Tiger Hill with Cellco Partnership DBA Verizon Wireless.
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