Hi All, I need some advise. We have been approached by Verizon Wireless for a 30 foot wide by 890 ft long ROW for ingress and egress to a wireless site behind our property. The ROW will be along a private paved road that we own. Additionally Verizon wants an underground easement about 30x400 foot to upgrade their power and bury the cables.
They want to give us a one time payment of 10,000 and have us convey a non-exclusive, assignable, and perpetual easement.
I for one absolutely will not convey anything. I am in the mind set to offer an exclusive, non-assignable 5 year lease, prepaid and nonrefundable, plus Verizon must pay for all damages.
From what I read wireless companies are NOT public utilities, but rather private messaging service companies, so the threat of eminent domain is not on the table.
What is the current fair market price per foot for a ROW? I was thinking $1.00 per foot per month.
Next problem: Local ordinances require a setback equal to the tower height plus 10 percent. The proposed location of the new cell tower will cause the setback to encroach about 100 feet onto our property. Can we also negotiate a one-time payment for a variance?