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Dolton approves sale of two cell-tower easements to Tower Point for $564,000 upfront
Summary
The Dolton Board of Trustees approved ordinances selling easement rights at two sites to Tower Point, a deal the village’s attorney said will deliver $564,000 within 30 days and roughly $1,666 monthly in rent.
The Dolton Board of Trustees approved two ordinances at its July 1 special meeting that authorize letters of intent to sell easement rights for cell towers to Tower Point, the village read into the record as Ordinance No. 25-003.
Attorney Alderson told the board the two sales will bring the village $564,000 within 30 days and provide about $1,666 (roughly $1,700) per month in rental income thereafter.
Mayor (unnamed) read the ordinances into the record as items B and C, which covered easement rights and…
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