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Board approves Tower Alliance option delaying payments until 2031 for Cannonsville Road lease
Summary
Montcalm County commissioners authorized staff to convey option 2 to Ms. Franklin of Tower Alliance LLC for a 25-year extension of the Cannonsville Road lease, with payments beginning in 2031 at $9,600 per year and a $10,000 one-time signing payment; board approved option 2 by voice vote.
The Montcalm County Board of Commissioners on Feb. 10 authorized county staff to accept option 2 proposed by Ms. Franklin of Tower Alliance LLC for the Cannonsville Road lease agreement.
Under the approved option, annual payments would begin in 2031 at $9,600 with a 2% annual increase. Both option 1 and option 2 include a $10,000 one-time signing payment and…
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