posted on May 01, 2014 13:23
On, Monday, May 19, 2014 at 2:00 p.m., the Town Board of Commissioners of Topsail Beach will consider a resolution by the Board for the Town to enter into leases with Verizon, AT&T and T-Mobile in which they each will lease property owned by the Town at 820 Anderson Boulevard and a permanent monopole (to be constructed on that property by Verizon and conveyed to the Town by Verizon). The leases will be for a term of 5 years beginning June 1, 2014 with an option to extend for another 5 years.
The respective leases are to provide that the initial annual Verizon rent is $24,840, increased annually by 3%; AT&T, $16,982.50, increased annually by 2.5%; and T-Mobile $15,052.80, increased annually by 2.4%. The lease documents will be available at Town Hall on or about May 7th, 2014. Town Hall is located at 820 South Anderson Boulevard in Topsail Beach, NC. Notice of adoption of the resolution with a summary of lease terms will be released and published on May 28, 2014.