We are currently working with a cell company to locate wireless transmission equipment on our water tower. It is actually a pretty good deal--it won't require any additional antenna sticking up from the top or anything like that.
I've been tasked with assessing the lease agreement, but I simply don't know what all should be in this agreement from a performance/financial perspective (city atty is taking care of legal stuff). The one thing that naturally came to mind was that they must agree to allow co-location of other carriers (at least three), but I'm not sure what else is appropriate. They are offering $1,000/mo. for the lease.
This isn't an issue of us being cash-strapped or anything--we're just happy that this arrangement will avoid construction of what I'm sure would be a controversial cell tower. I just have to make sure we get all we want and don't get ripped off in the process.