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Resolution of the Mayor and Council of Princeton Authorizing the Award of a Contract with Cellco Partnership Doing Business as Verizon Wireless for the Lease of Public Property for a Wireless Telecommunications Facility at Princeton Public Library
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WHEREAS, pursuant to Resolution 25-164 adopted on April 28, 2025 and in accordance with the Local Lands and Buildings Law, N.J.S.A. 40A:12-14 ("LLBL"), Princeton Council authorized the lease of portions of the rooftop at the Princeton Public Library located at 65 Witherspoon Street, Princeton, New Jersey 08542, referred to as Block 27.02, Lot 77 on the Princeton Tax Map ("Premises"), for the use, operation and maintenance of wireless telecommunications antennas and associated cabinets and equipment ("Facility"); and
WHEREAS, pursuant to a duly advertised Notice to Bidders, on August 8, 2025, one (1) bid was submitted by Cellco Partnership d/b/a Verizon Wireless to lease the Premises for $43,205.00 annually, subject to the annual increases and terms set forth in Resolution 25-164; and
WHEREAS, the LLBL requires that Council award a lease for the Premises to the highest responsible and responsive bidder or reject all bids should the highest bid be rejected.
NOW, THEREFORE, BE IT RESOLVED by the Council of the Municipality of Princeton, County of Mercer, State of New Jersey, as follows:
1. Princeton hereby accepts the highest bid as submitted by Cellco Partnership d/b/a Verizon Wireless to lease the Premises, as described in the "Whereas" clauses, for purposes of the uninterrupted use of its existing wireless telecommunications antennas, cabinets and equipment, and authority to expand its use, under the terms of a new lease, and for the Rental sum of $43,205.00 annually, along with an annual percentage increase of 3% each year of the lease term commencing in year two (2) of the lease, during the initial term of five (5) years; and
2. Renewal of up to four (4) successive periods of five (5) years, ea...
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