telecommunications tower lease
Leasing city land for a cell tower with shared future rental income.
Whether the executed agreements spell out exactly what rights the city kept or gave up at the 18th Street site, and how any future tenant revenue share is calculated and paid.
Typically discussed at City Council. Check back when the next agenda is published.
Council approved a TowerPoint ground lease for a cell antenna at 2701 18th St., trading a permanent telecom easement for $305,000 plus a cut of future tenant revenue. Two months later, council approved an easement deal with TPA VI, LLC tied to the 18th Street cell tower property for another $305,000 lump-sum payment, passed on the consent agenda.
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passed 7-0 City Council · Oct 20, 2025 25-208 Consideration of a Ground Lease Agreement Between the City of Two Rivers and TowerPoint
Motion to approve and authorize City Manager to sign the agreement on behalf of the City (Ground Lease Agreement Between the City of Two Rivers and TowerPoint)
Mark Bittner YesShannon Derby YesBill LeClair YesDarla LeClair YesTim Petri YesBonnie Shimulunas YesScott Stechmesser Yes
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Council approved a ground lease agreement with TowerPoint granting a perpetual telecommunications easement for a cell antenna on city-owned property at 2701 18th Street.
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The approved TowerPoint terms included a one-time $305,000 payment plus 60% of future revenue from additional tenants locating equipment at the site.
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Council’s recommended action included authorizing the City Manager to sign the TowerPoint agreement on behalf of the city.
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Council approved an easement agreement with TPA VI, LLC related to the 18th Street cell tower property, transferring the city’s interest in the site in exchange for a $305,000 lump-sum payment and authorizing the City Manager to sign closing documents.
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The TPA VI, LLC easement agreement approval was recorded as passing via the consent agenda.
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