CROTON CONTINUES RENTING CELL TOWERS, WHILE STONY POINT SELLS THEIR LEASES FOR $2.2 MILLION

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9/5/13 JOURNAL NEWS  - STONY POINT — Stony Point is selling cell-tower leases for $2.2M; Croton continues renting (video) - The town has decided to sell its cell-tower leases for more than $2 million, while other municipalities opt to keep collecting monthly rents for their towers...“We don’t find it financially beneficial to the village,” said village engineer Daniel O’Connor. “If the village needed a lump-sum payment to pay our bills, like Detroit or something like that, we may need the lump-sum payment, but the village has a very good credit rating and we can borrow through the municipal bond market with good grades.”Croton earns $2,800 a month for the cell tower in the train station parking lot, and $2,400 a month each for two slots in the Village Hall attic." Read more here http://www.lohud.com/article/20130905/NEWS03/309050055/Stony-Point-selling-cell-tower-leases-2-2M-Croton-continues-renting-video