STEEPLE RUN WATER TOWER
LEASE AGREEMENT RENEWAL WITH VERIZON WIRELESS
resolution
WHEREAS, pursuant to authority granted by the Illinois General Assembly at 55 ILCS 5/5-15007, (1992), the County of DuPage ("COUNTY") owns and operates a waterworks and water tower known as the Steeple Run DuPage County Water Tower; and
WHEREAS, the DuPage County Board previously approved a lease with Chicago SMSA Limited Partnership d/b/a/ Verizon Wireless, an Illinois Partnership (Hereinafter Verizon Wireless) ("TENANT") by Resolution PW-0007-16, and amended and/or renewed by subsequent County Board resolutions; and
WHEREAS, Verizon Wireless, has requested a renewal of the lease of the Steeple Run Water Tower pursuant to the renewal terms provided for in said lease; and
WHEREAS, the Public Works Committee of the DuPage County Board has reviewed and recommends approval of an additional five year renewal term from April 1, 2026, through March 31, 2031, for the Steeple Run Water Tower Lease Agreement between the COUNTY and TENANT with a new monthly rental amount of $4,972.49. Rent shall be increased on each annual anniversary of the Commencement Date by an amount equal to three percent (3%) of the rent for the previous year.
NOW, THEREFORE, BE IT RESOLVED, by the DuPage County Board that the Steeple Run Water Tower Lease Agreement is hereby approved and renewed, and that the Chair of the County Board is hereby authorized and directed to execute any documents necessary for said renewal on behalf of the County of DuPage.
BE IT FURTHER RESOLVED that the DuPage County Clerk be directed to transmit certified copies of this Resolution to Verizon Wireless., Attn: Network Real Estate, 180 Washington Valley Road, Bedminster, NJ 07921, Nicholas Alfonso, State's Attorney's Office; Christopher Day, 7900 Route 53, Woodridge IL 60517.
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Enacted and approved this 9th day of December, 2...
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