Village approves sale of two telecom easements to TowerPoint for $564,000 total
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Summary
The board approved two resolutions selling telecommunication easements—$228,000 for 14440 Greenwood Road and $336,000 for 401 E. 144th Street—to TowerPoint Acquisitions LLC; trustees said the village also recovered prior rent from Comcast.
The Village of Dalton Board of Trustees voted unanimously Aug. 4 to approve two resolutions selling telecommunication easements to TowerPoint Acquisitions LLC for a combined $564,000.
The board approved Resolution 25-011 for the sale of 14440 Greenwood Road for $228,000 and Resolution 25-012 for the sale of 401 East 144th Street for $336,000. Trustee Kiana Belcher moved each motion; Trustee Stan Brown seconded both motions. Clerk Key recorded unanimous roll-call votes.
Why it matters: Trustees and the village attorney noted the village recently collected $160,164 in previously unpaid rent from Comcast tied to tower leases, and the TowerPoint transactions will generate both an immediate purchase payment and ongoing annual revenue for the village as the new easement owner collects rent from providers.
Supporting details: Mayor and trustees said the closings are expected within 30 days. The mayor noted the transactions deliver relatively quick revenue at a time when the village is adjusting its budget and liabilities.
Next steps: The transactions will move to closing; the village will receive the purchase payments and continue to post updates on related documents.
Ending: Trustees characterized the agreement as corrective of missed past payments and as a revenue source; no litigation or further conditions were raised during the vote.
