Fircrest City Council AgendaPacket Study Session 2026-06-15
Fircrest Considers $665K Cell Site Lease Buyout Offer
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Description
The City of Fircrest is considering a $665,000 lease buyout offer from TowerPoint Acquisitions, LLC for the AT&T wireless site at the Lowe's High Tank. The proposed agreement would provide a 99-year telecommunications easement and share new tenant revenue.
Contract Details
Contract Amount
$665,000
Vendor
TOWERPOINT ACQUISITIONS LLC
Agency
City of Fircrest, WA
Contract Type
OTHER
Document Date
June 15, 2026
Contract Term
99 Years
Renewal Date
2125-06-15
Renewal Info
LOI valid if executed by June 30, 2026, with closing allowed 14 days after contingencies. 99-year term. Standard lease assignment and easement negotiation process; not yet executed or approved.
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