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Van Buren County declines TowerCo’s $500,000 prepaid lease offer for tower site
Summary
TowerCo offered a $500,000 lump sum for a 99-year prepaid lease on the county’s tower site; the board declined the offer and chose to retain the current lease structure and monthly rent of $2,362.36.
Samantha Willis, representing TowerCo Alliance LLC via Zoom, presented an offer from TowerCo IV LLC to pay $500,000 in exchange for a 99-year prepaid lease on the county tower site. Under the proposal, the county would retain ownership of the land and its communications equipment but would forfeit the current monthly rent payment of $2,362.36.
Following discussion, on motion by Supervisor House, seconded by Supervisor Waugh, the board declined TowerCo’s offer and opted to keep the existing lease arrangement. The motion passed unanimously (Ayes: 3). The minutes do not record any alternative proposals or next steps beyond declining the offer.
