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New Windsor council discusses Verizon rent reduction, possible lease buyout
Summary
The New Windsor Town Council discussed a Verizon request to reduce monthly rent from $3,897.36 to $3,500 beginning Aug. 1, 2030, and said it would explore a buyout or exchange to cover the difference; no formal vote was recorded in the minutes.
The New Windsor Town Council reviewed an agenda item from Verizon asking to lower the town’s monthly lease payment from $3,897.36 to $3,500 beginning Aug. 1, 2030, and discussed options including a buyout or exchange to cover the revenue gap.
The minutes state the council considered negotiating a possible exchange to cover the difference but do not record a formal motion or vote on the request. The discussion appears intended to protect long‑term municipal revenue from the site and to clarify options for offsetting the reduced rent.
The minutes do not identify a single mover or staff assignment for follow‑up; no implementation timeline or next procedural step is listed in the record.
