The District currently receives revenue
from four cell towers located at Fivay High School, Dr. John Long Middle
School, Sunlake High School and a future middle school site in the Meadow
Pointe area. The School Board previously approved cell tower lease agreements for Gulf Trace and Sand Pine
Elementary Schools and the cell tower companies are moving forward with the approvals
necessary to construct these towers.
There is an opportunity
to enter into a cell tower ground lease at Seven Oaks Elementary School. A request for proposal was sent out and three
companies responded. The winning bid
proposes an annual rental amount of $24,000 and an initial term of ten years
with four, five-year options to extend the lease. The annual rent for the second year will be
increased by three and a half percent (3.5%) and thereafter, each and every succeeding
year. The annual rent will increase by
$12,000 for additional tenants collocating on the tower.
estimated the total revenue over the course of the thirty (30) year lease will
be over one million dollars.
Provide equitable support
The district will establish
and maintain state-of-the art, attractive and safe facilities.
The staff requests the
School Board’s approval of the Ground Lease Agreement to construct a cell tower
at Seven Oaks Elementary School.