CELL TOWER LEASE AZ6 BUS STOP 2050 E. WILCOX - VERIZON

The City of Sierra Vista has entered into a land lease agreement with Verizon Wireless (VAW) LLC for a cell tower at 2050 E. Wilcox Drive, Sierra Vista, Arizona. The agreement has a term of 10 years, with an initial term of 5 years and the option to extend for four additional 5-year terms. The annual rent is $19,200, paid in equal monthly installments. Verizon Wireless has the right to use the premises for constructing, maintaining, repairing, and operating a communications facility. The agreement includes provisions for surveying the property, taxes, insurance, and indemnification. The City of Sierra Vista has the right to terminate the agreement if Verizon Wireless fails to comply with its terms. Some key points of the agreement include: • The lease is for a cell tower at a specific location in Sierra Vista, Arizona. • The term of the lease is 10 years, with options for extension. • The annual rent is $19,200, paid in monthly installments. • Verizon Wireless has the right to use the premises for its communications facility. • The agreement includes provisions for surveying, taxes, insurance, and indemnification. • The City of Sierra Vista has the right to terminate the agreement if Verizon Wireless fails to comply with its terms.