Bethany City Council Agenda December 16 2025
Bethany Receives $480K Offer for Telecom Lease Rights
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Description
TowerPoint Acquisitions, LLC proposed to acquire city wireless site lease rights at 8210 NW 50th St for $480,000 and a 50% share of new tenant rent over 50 years.
Contract Details
Contract Amount
$480,000.00 (Purchase Price), term: 50 years; 50% share in new tenant rent
Vendor
TOWERPOINT ACQUISITIONS LLC
Agency
City of Bethany, MO
Contract Type
OTHER
Document Date
December 16, 2025
Contract Term
50 Years
Renewal Date
2075-12-16
Renewal Info
LOI details exclusivity and transaction timeline. Includes rent escalations and revenue sharing for new tenants. Closing after contingencies met.
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