Bethany City Council Agenda December 16 2025
LOI Received for Water Tower Lease Rights Acquisition
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Description
TowerPoint Acquisitions, LLC submitted a Letter of Intent to purchase Bethany's telecom lease rights at 7272 NW 36th St for $1.97 million over 50 years. The agreement covers all water tower wireless leases.
Contract Details
Contract Amount
$1,970,000.00 (Purchase Price), term: 50 years
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 sets exclusivity and closing within 14 days after contingencies; CPI-based rent escalations with existing tenants through 2045, 2034, and 2028.
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