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Fair Board opts to keep Verizon tower revenue on monthly schedule
Summary
After discussing the option to cash out the Verizon tower lease for a lump sum versus remaining on a monthly payment plan, the board voted to keep the monthly contract and leave the item on the monthly report for now.
Board and staff revisited a prior discussion about accepting a lump‑sum payout for the Verizon tower lease versus continuing to receive monthly payments. Bart reminded the board that the lump‑sum would increase immediate cash but reduce future annual revenue; the board discussed technology change risks and concluded it did not want to cash out at this time.
A motion to leave the Verizon arrangement as a monthly contract passed by voice vote; staff will keep the item on monthly reports and re‑raise the question if circumstances change.
