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Lake City council votes to counter $73,000 AT&T tower buyout offer with $100,000 demand
Summary
Lake City Mayor Cameron Tate and the council moved to counter Harmoni Towers’ $73,000 offer to buy the city’s AT&T lease, instructing the mayor to offer $100,000 with authority to renegotiate to $90,000; the motion passed 6-0.
Lake City Mayor Cameron Tate presented an offer from Harmoni Towers to purchase the city’s AT&T tower lease for $73,000 and asked the council how to proceed. Councilmember Danny Dunigan moved and Councilmember Brenda Hutcheson seconded that the mayor make a counteroffer of $100,000, with authority to renegotiate to $90,000. The motion passed unanimously, 6-0.
Why it matters: Selling a lease on a communications tower converts future lease revenue into near-term funds but reduces the city’s ongoing control over that asset. The council did not specify how it would use proceeds if the sale completes; no purchase agreement was signed at the meeting.
What happened: Harmoni Towers’ $73,000 offer was presented during the Sept. 19 council meeting. The council’s approved instruction authorizes Mayor Tate to issue the counteroffer and to negotiate down to $90,000 if necessary. The minutes record the motion and vote but provide no contract details, timeline for negotiation, or estimated fiscal impact.
Next steps: Mayor Tate was directed to pursue the counteroffer. The record does not state whether the city will obtain an appraisal, legal review, or bring a purchase agreement back to the council for final approval.
Attribution: The action was initiated by Mayor Cameron Tate and carried through by motions from Councilmember Danny Dunigan (mover) and Councilmember Brenda Hutcheson (second).
