Jul 3, 2024BoardMeeting
BoardEconomic Development Authority of the City of Hampton, Virginia Transaction Committee Meeting
The meeting included a proposal from a representative for T-Mobile seeking a site lease to install cell service equipment on a Dominion Energy transmission tower in the Hampton Roads Center North area. Staff recommended approval of the lease subject to several specific conditions, including coordination with Dominion Energy, negotiation of a minimum lease rate with annual escalations, and strict requirements for site maintenance, restoration, insurance, and indemnification. The committee recommended approval of the lease agreement to the EDA Board.