P.O. Drawer 140, 100 Central Circle

Low Moor, VA  24457

540-863-1809         540-863-1804 fax

 

DATE:          September 18, 2017

 

ACTION ITEM

 

SUBJECT

Apex Tower Proposal

RATIONALE

Apex Tower has offered a lease agreement proposing the construction of a cell tower on the CMS/MVES property. The proposed pad site (100’ x 100’) is to be located near the river on the Mountain View Elementary side of the property. Per the proposal, Apex Tower will construct an access road that will extend from Gleason Drive to the pad site. The final Agreement does include two one-year option periods before full execution of the lease agreement.

 

Final Negotiated  Proposal

·       $16,800 annual rent

·       3% annual escalation

·       10% revenue sharing of fees paid to Apex by carriers locating on the tower

·       5 year term with 7 optional 5-year renewals

 

Apex Tower will own the tower and at termination (by either party at conclusion of the lease term), Apex will remove all components of the installation to a depth of eighteen inches below grade.  The lease has no impact on other potential right-of-ways.

 

The final Agreement has been vetted and approved by our attorney.

ESTIMATED COSTS

N/A

BUDGET CATEGORY

N/A

LEGAL REFERENCE

N/A

STAFF CONTACTS

Keven Rice, Jeff Alleman

SUPERINTENDENT’S

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