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telecommunications tower lease

Leasing city land for a cell tower with shared future rental income.

What to Watch
Whether any follow-up items clarify what property rights the city kept versus gave up, and how any future tenant revenue share is calculated and paid.
Coming Up

Typically discussed at City Council. Check back when the next agenda is published.

The Story

Council approved a TowerPoint ground lease for a cell antenna at 2701 18th St., trading a perpetual telecom easement for a $305,000 one-time payment plus a cut of future tenant revenue. Two months later, council also approved an easement deal tied to the 18th Street cell tower property for another $305,000 lump-sum payment, passed on the consent agenda.

Key Decisions
  1. 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 Yes
    Shannon Derby Yes
    Bill LeClair Yes
    Darla LeClair Yes
    Tim Petri Yes
    Bonnie Shimulunas Yes
    Scott Stechmesser Yes
Record

  1. 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.

    City Council

  2. The approved TowerPoint agreement terms included a $305,000 one-time payment plus 60% of future revenue from additional tenants locating equipment at the site.

    City Council

  3. 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.

    City Council

  4. The TPA VI, LLC easement approval was recorded as passing via the consent agenda.

    City Council
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