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Crawford accepts $225,000 Letter of Intent from American Tower to buy tower interest
Summary
The Crawford City Council approved a 90‑day Letter of Intent from American Tower increasing its offer to $225,000 to purchase an interest in a local tower. Council approved the LOI by unanimous recorded vote of council members present.
The Crawford City Council on Jan. 14 approved a Letter of Intent (LOI) from American Tower to purchase an interest in a local communications tower for $225,000.
Adam reported American Tower had increased its earlier offer by $10,000, bringing the LOI total to $225,000, and that the LOI would lock that amount for 90 days while the parties work toward a contract. Council Member Scott DeBock moved to approve the LOI; April Grant seconded the motion. The motion passed with recorded ayes from DeBock, Grant, Christopher Dean and Brent Gebbie; no nays were recorded.
The council did not record further contractual details or a closing timeline at the meeting. The LOI was described in council discussion as a pre‑agreement that secures the offered price pending completion of the formal purchase contract.
Next steps noted by staff are the 90‑day contract negotiation window and eventual presentation of a formal purchase agreement for council review and approval if the parties proceed.
