Public Works Director Kevin Felder told the council that the city had received an unsolicited offer—identified in discussion as from a private company referred to as Digital 307—to buy the Kentucky Avenue water tower, the underlying land and the remaining telecommunication lease terms for $2,500,000.

Felder said the towers currently bring in about $240,000 in annual revenue from antenna leases and that Toho Water Authority has been handling maintenance. He said combined maintenance for both towers was roughly $46,000 per year and noted that several leases will come up for renewal in the next five years, creating revenue risk should providers relocate.

Council members expressed concern about selling the highway‑visible Kentucky tower. “My view, I don’t care if you sell the Pine Tree one, but the one on the highway... I’m a big no on that,” one council member said. Staff and council asked for legal/contract verification regarding existing leases and for a full cost–benefit analysis before considering sale or soliciting competing offers.

Options staff presented included continuing current practice (city retains revenue and assumes maintenance), accepting the unsolicited $2.5 million offer, or issuing a public solicitation to test market interest. Council directed staff to proceed cautiously—confirm contract obligations with Toho, analyze the long‑term revenue vs. sale proceeds and return with a recommendation.

Next steps: staff will verify lease terms and maintenance obligations, model the fiscal impacts of a sale versus continued ownership, and report back with analysis and legal considerations.