RESOLUTION:
PURPOSE:
ENDORSERS:
COMMITTEE
ASSIGNMENT:
FISCAL NOTE:
LEGISLATIVE YEAR 2020
R-20-028
Authorizing the City of Nashua to enter into a Master
Development Agreement with Lansing Melbourne Group,
LLC
Mayor Jim Donchess
Alderman-at-large Michael B. O’Brien, Sr.
Ajiderman-at-large David C. Teneza
Alderman Richard A. Dowd
This resolution approves the sale of the School Street parking lot
for $900,000. In addition, the City will contribute $100,000 during
the predevelopment for the design of public facilities and
infrastructure surrounding the project site in the form of
reimbursement for pre-approved design fees. Once construction is
completed additional terms include payment in lieu of parking
requirements and a High Street Garage lease.
ANALYSIS
This resolution authorizes the City of Nashua to enter into a “Maser Development Agreement”
with Lansing Melbourme Group, LLC regarding the sale and development of the School Street
Lot for a housing project.
Charter §77 provides that the Planning Board “shall review and make recommendations to the
mayor and board of aldermen on all locations for proposed municipal building and facilities,
mecluding educational, [and] on the purchase and sale of any land by the city.”
Approved as to account
structure, numbers and
amount:
Approved as to form:
Financial Services Division
By: /s/ John Griffin
Office of Corporation Counsel
By: /s/ Celia K. Leonard, Esq.
Date: April 8, 2020
