School Gives Rent Guarantee an A+
A Colorado elementary school was using the rental income received from two cell sites to finance ongoing school programs. One of the cell sites was located on state-granted land. The school belatedly learned that due to the grant provisions, income generated from this site was in fact the property of the state. The school now faced an unexpected financial obligation and looked to the income from its second cell site to relieve the burden. But because most cell site rent is not guaranteed, the school needed to find a steady stream of income to repay its debt. Md7 worked with the school to secure a 10-year rent guarantee for the second cell site, which gave them the means to confidently budget the debt repayment without compromising funding for school programs.