12/13/12 - A deal approved by the Howell School Board this week will secure the districtâs income from the cell tower on the high school campus through the year 2046. The current lease on the cell tower was approved in 1996 and will provide the township with income from cell companies renting space on the tower through 2021. Several companies recently expressed interest in leasing the tower after that point, and last month Associate Superintendent Rick Terres presented the school board with five options to renew the lease. He recommended a deal put forward by a company called Tristar and its subsidiary Big Top Ventures. The board approved the deal on Monday and should close on it by the end of the month. It will give the district $143,000 up front and allow it to retain all of its rents through the end of the current lease in 2021, at which point TriStar will take over the lease and the rent paid to the district will increase. Terres says it was necessary for the district to address the future of the cell tower now before future changes in wireless technology render it worthless. (TD)
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