P.O. Drawer 140, 100 Central Circle

Low Moor, VA  24457

540-863-1809    540-863-1804 fax

 

DATE: August 21, 2017

 

INFORMATION 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.

 

Final Negotiated  Proposal

·        $16,800 annual rent

·        3% annual escalation

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

·        40 year term

 

Apex Tower will own the tower and at termination (by either party at conclusion of the 40 year 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 Agreement is being reviewed by our attorney and the proposal will be presented for the board’s action during the next school board meeting on September 18.

 

ESTIMATED COSTS

N/A

BUDGET CATEGORY

N/A

LEGAL REFERENCE

N/A

STAFF CONTACTS

Keven Rice, Jeff Alleman

SUPERINTENDENT’S

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