Village considers lease agreement for cell tower
ELBURN—The Elburn Village Board on Monday discussed a lease agreement with AT&T for a cell tower to be placed at the well No. 5 site in Blackberry Creek.
AT&T will pay $2,250 a month in rent, with an annual increase of 3 percent. The initial term of the lease is five years, with four automatic renewals of five years each, for a total of 25 years.
In addition to the rent, the village will receive from AT&T a start-up bonus of $7,000, and AT&T will pay for the village’s related engineering and attorney fees.