Citizen Portal
Sign In

Trustee: village negotiating lease terms to add Verizon antenna to water tower; monetization may follow

5766983 · September 8, 2025

Get AI-powered insights, summaries, and transcripts

Subscribe
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Trustee Clayton said Verizon has proposed adding an antenna to the village water tower; the finance committee has negotiated improved terms and will present an analysis at the next meeting, with a possible plan to monetize the lease through a third party such as Landmark.

Trustee Clayton told the board Sept. 2 that Verizon has approached the village seeking to place an antenna on the water tower. The village previously hosted AT&T and T-Mobile under long-term leases and had monetized those leases through an agreement with a firm called Landmark. Clayton said the finance group has negotiated what he described as improved lease terms from Verizon and that the board will receive a Verizon analysis at the next meeting. If the board approves the Verizon offer, Clayton said the village could pursue monetization of the lease with a firm such as Landmark to avoid technology and long-term management risk. Clayton said the finance committee ran present-value calculations and is prepared to make a recommendation at an upcoming meeting.