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Council tentatively accepts $302,000 tower buyout pending attorney review
Summary
Council reviewed a written buyout offer for a communications tower and agreed, subject to the city attorney’s confirmation of contract language, to accept $302,000 rather than future monthly lease revenue; council authorized staff to pursue the buyout.
Council reviewed a written offer to buy the city’s rights in a communications tower for a one‑time payment of $302,000 and agreed to proceed subject to attorney approval.
Staff reported that the current contract yields monthly payments (an example figure of $1,400 plus $250 per tenant was discussed) and that the buyer’s latest written offer specifies $302,000 for the remaining term; staff asked the city attorney to confirm whether that figure would include future renewals or tenant fees. Members noted it could take many years to reach parity with the buyout under current monthly receipts and that technological changes (satellite services) could reduce future tenant income.
A council member moved to accept the $302,000 buyout subject to the city attorney’s approval of the contract interpretation and language; the motion was seconded and approved by voice/roll call. Staff was directed to have the city attorney review the buyout letter and to return with any recommended contract edits for council approval before execution.
Vote (recorded): Carrie — yes; Vaughn — yes; Rich — yes; Jake — yes.
