Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Council declines immediate American Tower buyout; authorizes insurance renewals
Summary
Council discussed American Tower's buyout offer for the cell-tower lease, found the figure low and asked staff to negotiate; it also authorized the clerk to renew employee and liability insurance within presented thresholds.
Council discussed American Tower's outreach proposing a buyout of the city's cell-tower lease. Staff told the council the company's initial offer was well below the city's expectations and did not adequately address easement concerns; staff recommended further negotiation before accepting any buyout. "I don't think we want to sell it for that cheap," the Chair said, and council asked staff to continue discussions.
On insurance matters, the clerk presented renewal figures for employee and liability coverage. Council authorized the clerk to execute employee-insurance renewal options after comparing rates and to renew general-liability coverage with the incumbent agency up to the presented threshold. The motions passed by voice vote.
