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RUSSELLS POINT COUNCIL: Terms of Verizon lease agreement detailed

Verizon Wireless will pay to have the existing, unusable tower torn down at the site of its permanent cellular phone tower and will pay the village of Russells Point $9,600 per year to lease that location, council members learned Monday during a regular meeting.

According to a proposed lease agreement between Verizon and the village, the wireless provider will pay to have an existing tower torn down that currently sits in the area by the water treatment plant along Elliott Road. Verizon also will pay $800 per month to lease the ground on which the company intends to construct a permanent cell phone tower that will provide enhanced 4G Long Term Evolution wireless voice and data service in the village.

The agreement could last for as long as 25 years, but includes opt-out clauses every five years. Each time the contract is renewed, the village stands to get 10 percent more money per year from Verizon.

Correction: The headline and this story have been updated to reflect that council hasn't yet approved the agreement with Verizon.

 

 

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