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  2. Finance Committee - Agenda - 10/6/2021 - P208

Finance Committee - Agenda - 10/6/2021 - P208

By dnadmin on Mon, 11/07/2022 - 13:37
Document Date
Fri, 10/01/2021 - 11:42
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 10/06/2021 - 00:00
Page Number
208
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__100620…

SECOND AMENDMENT TO CONCESSION AGREEMENT

This Second Amendment to the Concession Agreement (hereinafter “Agreement”), dated
as of the latter of the signatures below, is by and between the City of Nashua, a municipality
incorporated in the State of New Hampshire, having a mailing address of 229 Main Street,
Nashua, County of Hillsborough, New Hampshire 03061 (hereinafter “City”) and Granite
Diamond, LLC, a New Hampshire limited liability company with an address of 67 Amherst
Street, Nashua, County of Hillsborough, New Hampshire 03064 (hereinafter “Franchisor’).

WHEREAS, the City and Franchisor entered into a Concession Agreement dated May 14,
2019, whereby the City granted to the Franchisor certain rights in regard to the City’s Holman
Stadium facilities (hereinafter “Premises”);

WHEREAS, the Term of the Concession Agreement was for 2 years, beginning January
1, 2019 and ending December 31, 2020;

WHEREAS, the Concession Agreement also provides for up to 5 additional one-year
options to extend the agreement pursuant to terms to be agreed upon;

WHEREAS, the Parties entered into a First Amendment to the Concession Agreement to
extend the agreement for one year, from December 31, 2020 to December 31, 2021; and

WHEREAS, the Parties now wish to extend the Concession Agreement to cover the
second additional option year.

NOW, THEREFORE, in consideration of the foregoing and other good and valuable
consideration, the receipt of which is hereby acknowledged, the City and Franchisor agree as

follows:

Page Image
Finance Committee - Agenda - 10/6/2021 - P208

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