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  5. ›Cell Lease of tower site at 450 Thornhill

Awarded contract·City of Port St. Lucie·Florida

Cell Lease of tower site at 450 Thornhill

Won by Crown Castle South, LLC$750kSingle Award
Contract source

Awarded vendors

  • Crown Castle South, LLC

Description

This contract is a lease agreement between the City of Port St. Lucie and BellSouth Mobility, Inc. for a cell tower site located at 450 Thornhill Drive. The initial term of the lease is 5 years, with four renewal terms of 5 years each. The rent will be paid annually in advance, with the amount increasing by a certain percentage each year. The lessee will have access to the site 24/7 and will be responsible for maintaining and operating the cell tower. The lease includes provisions for termination, default, and removal of the cell tower. Some key points include: • The lease term is 30 years, with options for renewal. • The rent will be paid annually in advance. • The lessee will have access to the site 24/7. • The lessee will be responsible for maintaining and operating the cell tower. • The lease includes provisions for termination, default, and removal of the cell tower.

Attached files

Key dates

Starts
7/1/1998
Ends
8/17/2028Renews
Duration
30 years

Last updated

Details

Award type
Single Award
Industry
Information Technology and Software Development
NAICS
517210
Solicitation №
20010349

Contract value

$750,000

The value of this contract cannot be directly determined from the provided text. However, based on industry standards, a cell tower lease can generate between $10,000 to $50,000 per year in revenue. Given the 30-year term, the total value of the contract could be estimated to be around $300,000 to $1,500,000.

AI estimate from the award documents

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