School board trades less rent for guaranteed payment

-A A +A
By Steve Waters, Sports Editor

The School Board of Levy County approved a renegotiated tower lease with T-Mobile during their meeting on Tuesday that reduces the rent, but guarantees a 10-year income stream.

The tower is on school district property, and the school board rents the tower space to the cellular company.

With the new lease, T-Mobile will pay the school district $19,000 a year, down from $20,700. But T-Mobile will ensure the income for 10 years, whereas under the old 30-year lease they could cancel with 90 days notice.

The lease also provides for a 10 percent increase every five years starting in 2015 for 25 years and allows for a 10-year rent holiday starting in 2026.

Speaking to the board, Director of Finance Bob Clemons said that it made sense to keep the income stream from T-Mobile, despite the reduced rate.

"You'll notice there's a lot of towers out there now," Clemons said. "When we first went into this agreement with them, there weren't many options. But there are a lot of options out there now. So there's a possibility that they could call us in the future and say they don't need our services anymore."

If you subscribe to the newspaper, you receive FREE access to all the exclusive content of the web site! Simply register to receive uninterrupted access to our award-winning and in-depth local online content!

Renew Current or Past Subscription / Register for Online Subscription

If you currently subscribe or have subscribed in the past to the Chiefland Citizen, then simply find your account number on your mailing label and enter it below.

Click the question mark below to see where your account ID appears on your mailing label.

Newspaper Acct. ID:
Street Address:
(exactly as it appears on the label)

If you are a subscriber and you do not know your account ID or don't have a copy of your newspaper available that shows the information on the address label you can click continue below to search for your account.

Special Offer

You have used all your free page views for the month however if you wish to create a FREE limited access account you will be able to view a additional 2 pages per month.

You can also purchase a subscription and have full access to the site. To purchase a subscription simply enter your zipcode below

ZIP Code:

Chiefland Citizen | circulation@chieflandcitizen.com | 352-493-4796
624 W Park Avenue, Chiefland, FL 32626
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday