Description
The Borough of Tenafly is offering a one‑time sale of a 60‑year ground easement covering the footprint of an existing third‑party communications tower on Grove Street. The winning bidder will pay a lump‑sum purchase price (minimum $4 M) and assume all rights and responsibilities associated with the tower’s ground space, including design, permitting, construction, operation, and maintenance of any future wireless communications facilities. The borough will retain a right of access at no cost and will receive a one‑time payment only; no ongoing revenue or management duties are required of the borough. Bids must be sealed, include a bid security (10 % of the bid, capped at $20 K), and be submitted by 10:00 a.m. on 16 Oct 2026. Questions are due by 1 Sep 2026. The project’s scope is essentially a real‑estate transaction with extensive regulatory and engineering obligations for the purchaser.
• Minimum purchase price: $4,000,000 (bid security 10 % ≤ $20,000).
• 60‑year term, exclusive use of the current tower footprint.
• Purchaser assumes all design, permitting, construction, operation, and maintenance of the tower and associated ground equipment.
• No ongoing obligations for the Borough beyond a $1 fee for asset retrieval at termination.
• Bid deadline: 16 Oct 2026, 10:00 a.m.; questions due 1 Sep 2026.
• Required documents: bid form, bid security, various compliance certifications (EEO, ADA, political contributions, etc.).
Attached files
Contact
Omar Stovall(Borough Clerk)