MASTER DEVELOPMENT AGREEMENT
BY AND BETWEEN
LANSING MELBOURNE GROUP, LLC, a Florida limited liability company
AND
CITY OF NASHUA, NEW HAMPSHIRE
Effective Date:
This Master Development Agreement (this “Agreement’’) is made and entered into
as of February May ___, 20219, between LANSING MELBOURNE GROUP, LLC, a
Florida limited liability company (“Developer”), and the CITY OF NASHUA, NEW
HAMPSHIRE, a New Hampshire municipal corporation (“City”). Developer and City are
sometimes referred to in this Agreement collectively as the “Parties” and singularly as a
“Party”.
ARTICLE I: RECITALS
1.1 City is a duly organized New Hampshire municipal corporation acting
through its Board of Aldermen and Mayor, having its principal office located at Nashua
City Hall, 229 Main Street, Nashua, NH 03061.
1.2. Developer is a limited liability company having its principal United States
offices located at 2420 E. SUNRISE BLVD #90, FORT LAUDERDALE, FL 33304, is
experienced at developing real estate in New Hampshire and elsewhere, within the public-
private context and otherwise, and is authorized to do business in New Hampshire.
1.3 City strongly supports increased economic development to provide
additional jobs for residents of Nashua and the region, to expand business within the City,
and to develop a healthy robust economy through the means of downtown redevelopment
and investment.
1.4 The City released a request for proposals on January 12, 2017 (the “RFP’’)
soliciting proposals from real estate developers for a housing project (the “Project’”’) on an
approximately 0.682-acre parcel of real property owned by the City and more particularly
described on Exhibit “A” attached and incorporated into this Agreement (the~Preperty—;
also-referredtointhe REP as the “School Street Lot’), the vision of which RFP and Project
is to accommodate the growing housing needs of the City. The RFP is a matter of public
record.
