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Wrenshall council seeks higher lump-sum in AT&T lease buyout, will submit nonbinding LOI
Summary
After a presentation by MD7 lease agent Mo Benzegala, the Wrenshall City Council agreed by consensus to ask AT&T to raise a proposed lump-sum lease buyout from $414,000 to $550,000 and to submit a nonbinding letter of intent.
The Wrenshall City Council agreed on June 22, 2026, to submit a nonbinding letter of intent (LOI) asking AT&T to increase a proposed lump-sum lease buyout from $414,000 to $550,000 following a conference call presentation by MD7 lease agent Mo Benzegala.
Mr. Benzegala gave an overview of AT&T’s lease audit and explained that the company had proposed two settlement structures: continuing monthly payments or a one-time lump-sum payment. Councilors said the larger lump sum was appropriate given current rental rates and the fact that a lump-sum buyout would create a perpetual easement for AT&T on the property.
The council’s direction was recorded as a consensus to submit the LOI; the LOI was described in the meeting as nonbinding. No formal vote tally was recorded for the LOI decision in the minutes. The clerk’s minutes do not specify a submission timeline or additional negotiation parameters, so the final settled amount and any formal agreement remain to be negotiated.
Next steps recorded in the meeting minutes call for the LOI to be submitted to AT&T; the minutes do not list a deadline or specify who will sign the LOI on the city’s behalf.
