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Tower Point Acquisitions to lease city property

City of Truth or Consequences
Disclosed value
$80,000
From minutes
Document date
Jun 14, 2023
Term
99 year term

The 30-second brief

What it covers

City to lease real property to Tower Point Acquisitions, LLC for a 99-year term with an upfront payment of $80,000 and a second payment of $80,000 if Verizon subleases with Gravity Pad.

Who holds it

Tower Point Acquisitions holds this lease contract with City of Truth or Consequences. Its other public contracts on record include work for Harwood Heights village and Town of Newcomb.

What happens next

Term as filed: 99 year term.

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Contract details

Contract type
Lease
Amount
$80,000
Document date
June 14, 2023
Term
99 year term
Vendor
Tower Point Acquisitions
Agency
City of Truth or Consequences
Source document
city-of-truth-or-consequences-city-commission-meeting-minutes_edd.pdf (Minutes)

Tower Point Acquisitions's other public contracts

Harwood Heights village, IllinoisTower Point Acquisitions presentation to the committee · Sep 4, 2025UndisclosedTown of Newcomb, New YorkTown Approves $285K Tower Lease Sale · Nov 15, 2022$285KTown of Yarmouth, MaineTower Point Acquisitions Receives $615,000 Lease Approval · Apr 15, 2021$615KAll Tower Point Acquisitions contractsVendor profile

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Allied Electric Inc.Allied Electric Inc. awarded Loves Project construction contract · Nov 19, 2025UndisclosedAsplundh Electrical TestingASPLUNDH ELECTRICAL TESTING awarded $57,600 transformer protection upgrade contract · Oct 22, 2025$57.6KElemco ServicesElemco Services awarded $19,675 materials supply contract · Oct 22, 2025$19.7KWestern United ElectricWestern United Electric Supply awarded $31,038 transformer purchase contract · Oct 22, 2025$31KElemco ServicesElemco Services awarded $12,500 relay panel assembly contract · Oct 22, 2025$12.5KAll City of Truth or Consequences activityAgency profile

Questions about this contract

Who was awarded the lease contract by City of Truth or Consequences?

Tower Point Acquisitions was awarded this lease contract by City of Truth or Consequences, as recorded on June 14, 2023. The contract value is $80,000.

How much is the Tower Point Acquisitions contract with City of Truth or Consequences worth?

The Tower Point Acquisitions contract with City of Truth or Consequences is valued at $80,000, covering lease work.

What type of contract is this?

This is a Lease contract, documented as a minutes record.

Where was this contract approved?

This contract appears in city-of-truth-or-consequences-city-commission-meeting-minutes_edd.pdf (Minutes), dated June 14, 2023 from City of Truth or Consequences. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Tower Point Acquisitions hold?

Tower Point Acquisitions may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Truth or Consequences currently buying?

Explore City of Truth or Consequences's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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