WATER TOWER LEASE AGREEMENT

The Borough of Ship Bottom, New Jersey, has executed a Water Tower Lease Agreement granting a Lessee the right to occupy a specific portion of its municipal water tower, referred to as 'Tower Space,' and an adjacent 'Land Space' for the establishment and operation of a communications facility. This facility will include the construction, maintenance, repair, and ongoing operation of wireless communications equipment, antennas, base stations, associated paving, landscaping, and security infrastructure. The designated property is located at Block 58, Lot 4, commonly known as 106 West 17th Street, Ship Bottom, New Jersey. The comprehensive scope of work necessitates the Lessee designing, constructing, installing, maintaining, and replacing all equipment and related utility infrastructure, ensuring non-interference with the Tower's primary function as a water storage facility or with other existing tenants. This agreement also grants the Lessee a non-exclusive right-of-way for access and utility installation, with all plans requiring explicit approval from the Lessor and the Borough Engineer, alongside adherence to all applicable federal, state, and local regulations. The agreement emphasizes stringent requirements for the Lessee, stipulating the exclusive use of qualified contractors and employees for all aspects of equipment installation, repair, removal, and ongoing maintenance on the Tower and Property. Within thirty days of installation and construction, the Lessee must submit a written report from a licensed professional engineer, certifying the structural integrity and safety compliance of all installed equipment and antennas. While specific contractor registrations are not detailed in this agreement text, the Lessee is solely responsible for obtaining all necessary federal, state, county, and municipal approvals, licenses, and permits, collectively termed 'Governmental Approvals,' pertinent to the project. The Borough's engineer and Lessor's approval are continuously required for all location, installation, placement, collocation, and replacement activities, ensuring strict adherence to site and elevation plans. No mandatory pre-bid meetings or site visits are mentioned as this document represents an executed lease agreement rather than a live solicitation. This Water Tower Lease Agreement establishes an initial term of ten years, commencing on the first day of the calendar month following sixty days from its full execution. The agreement includes provisions for automatic extensions for three subsequent five-year terms, unless either party provides a written notice of intent to terminate at least six months prior to the end of the current term. Annual rental payments will be set by the highest bid, with a minimum of $45,000.00 for the first year, increasing by three percent annually thereafter. Additionally, the Lessee is required to pay $15,000.00 on or before the Commencement Date to offset Lessor’s professional and staff costs. All official notices for the Lessor should be directed to the Municipal Clerk at the Borough of Ship Bottom, 1621 Long Beach Boulevard, Ship Bottom, New Jersey 08008. Details regarding specific bid submission instructions or exact deadlines are not relevant to this executed contract document, nor are bid security or bond requirements for a procurement phase, though extensive insurance obligations are detailed.