Item 20
approved amendmentFeb 3, 2021
Authorize the Division of Forests and Lands to enter into a retroactive amendment to an existing lease agreement with Cellco Partnership d/b/a Verizon Wireless of Basking Ridge, NJ (originally approved by G&C on 7-22-15, item #72), for equipment and antenna space in designated areas at Milan Hill in Milan Hill State Park, by exercising a lease renewal option from January 1, 2020 through December 31, 2025, with the option to extend the lease for 2 additional five year periods, and to modify the equipment list to allow additional equipment within the leased premises. (2)Further authorize to accept annual rental payment revenue. The annual rental payments include a 3% annual increase detailed in the terms of the Lease Amendment. Effective upon G&C approval.