TITLE
Title
LEASE AGREEMENT RENEWAL FOR ANTENNA SPACE AT 5501 CENTERFIELD ROAD, SUMMERFIELD, NC WITH T-MOBILE SOUTH LLC
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SPONSOR
Sponsor
Eric Hilton, General Services Director
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BACKGROUND
Background
Guilford County currently leases antenna and ground space at the County-owned communications tower located at 5501 Centerfield Road in Summerfield to T-Mobile South LLC for telecommunications equipment. The leased area includes antenna space at the 260-foot level of the tower, approximately 157 square feet of ground space, and associated access, lines, cables, fixtures, and equipment.
The proposed lease agreement would continue T-Mobile’s use of the site for an additional five-year term beginning November 15, 2026, and ending November 14, 2031. Annual revenue from the lease is $64,306.12.
Under the proposed agreement, T-Mobile will pay annual rent to Guilford County for use of the tower and ground space. The lease provides for annual rental payments and continued operation and maintenance of T-Mobile’s communications equipment at the site.
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BUDGET IMPACT
Budget Impact
NO ADDITIONAL COUNTY FUNDS REQUIRED
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REQUESTED ACTION
Requested Action
Approve, in substantial form, the lease agreement with T-Mobile South LLC for antenna and ground space at 5501 Centerfield Road, Summerfield, NC, and authorize staff to take all reasonable actions necessary to finalize and execute the agreement.
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