The Trenton Utility Committee will recommend to the Trenton City Council to continue with the existing contract on a water tower antenna lease with Verizon.
City Administrator Ron Urton reported that Verizon had approached the city about renegotiating or doing a one-time buyout, but the committee on May 21 was not interested. The renegotiation would have included a new rent amount of $700 per month starting in January with a 10% rent escalator every five years. The buyout would have been for $100,000 for an easement for 40 years.
Urton stated the current contract includes Verizon paying $932 per month to rent space on the water tower on Princeton Road. That rate will increase to $1,025 per month in 2025. The contract goes through 2030.
The Trenton Utility Committee also elected Marvin Humphreys as chairman.
