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P.H. 2026-48: (PUBLIC HEARING 2ND READING)
AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE A LEASE AGREEMENT AND A MEMORANDUM OF LEASE AGREEMENT BETWEEN THE CITY OF POMPANO BEACH AND CELLCO PARTNERSHIP D/B/A VERIZON WIRELESS; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $573,193.95 total revenue for a 10-year term)
FIRST READING: SEPTEMBER 8, 2026
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(Staff Contact: Eugene R. Zamoski)
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Summary Explanation/Background:
Verizon leases space on our communication Police Tower on 100 SW 3rd Street. The current agreement, Ordinance 2001-14, was for 25 years and included a 15% rate increase every 5 years. This current agreement expires this year, with an annual rental fee of $41,976.
The new agreement will be for 10 years, starting with an annual rental fee of $50,000. The rent will be increased annually by 3%.
Origin of request for this action: Staff
Fiscal impact and source of funding: $573,193.95 total revenue for a 10-year term
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