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Hudson Falls board approves $900,400 assignment of water‑tower lease and perpetual easement
Summary
Trustees unanimously authorized Mayor John Barton to sign an assignment of water‑tower leases and a perpetual easement with TPA VI, LLC in exchange for a lump‑sum payment of $900,400, citing existing leases with Verizon and New Cingular Wireless.
The Hudson Falls Board of Trustees unanimously approved a resolution authorizing Mayor John Barton to enter into an assignment of existing water‑tower leases and a perpetual easement with TPA VI, LLC in exchange for a lump‑sum payment of $900,400.
The resolution, introduced by Trustee Daniel Hogan and seconded by Trustee James Gallagher Jr., cites prior Water Tower Lease Agreements dated Sept. 15, 2009 (Cellco Partnership d/b/a Verizon Wireless) and Mar. 24, 2014 (New Cingular Wireless, PCS, LLC) and states that "the Village Mayor and the Village Board of Trustees have determined that the assignment of lease and easement is in the best financial interest of the Village of Hudson Falls." The motion was recorded as "unanimously carried."
