First Selectwoman Lynne Vanderslice’s office reports that, on behalf of the town, she recently signed a lease extension with Crown Castle for the cell tower at the transfer station on Mather Street. The 10-year lease extension is effective June 15, 2018. The Board of Selectmen had voted unanimously to approve the lease extension at its meeting on Nov. 20.
The lease extension provides a first-year lease payment of $180,000, which is an $80,000 increase over the current annual payment, and a 3% annual escalation in the lease payment. The current lease provides for no escalation in payments.