Verizon Water Tower Lease
At a glance
- What: Verizon Wireless leases space on a city water tower; the current lease runs to 2030 at about $35,000 a year with 2% annual increases.
- Where it stands: resolved; first amendment approved 7-0 on September 21, 2026.
- Next: rent starts at $36,000 after September 15, 2030.
Background
- Verizon asked to extend because carriers are shifting to smaller local antennas and the big tower sites are becoming less valuable.
Decision
- Rent starting at $36,000 after September 15, 2030, rising 3% a year for ten years.
- The city manager said the city gets about $3,400 less over the ten years but a guaranteed longer term.
Discussion time
About 6 minutes across 2 meetings (from transcript timestamps; approximate).
| Meeting | Minutes |
|---|---|
| 2026-09-21 - City Council | 4 |
| 2026-09-09 - Personnel and Finance Committee | 2 |
Log
- 2026-09-21 - City Council - First amendment to the lease approved 7-0.
- 2026-09-09 - Personnel and Finance Committee - Committee heard the proposed extension ($36,000 start rising to $38,000; $412,000 over 10 years versus $416,000) and moved it to briefing.