Board Of Aldermen - Agenda - 5/11/2021 - P70
Exhibit A
Description of Property
Exhibit A
Description of Property
IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the
Buyer and each Seller as of the day and year first written below:
SELLER:
Dated: Nashua Millyard Associates, Inc.
By:
BUYER:
Dated:
Stephen Bonnette
Aaron Bagshaw
STATE OF NEW HAMPSHIRE
COUNTY OF HILLSBOROUGH
This instrument was acknowledged before me on April , 2021 by
of Nashua Millyard Associates, Inc. on behalf of the
corporation.
Notary Public
My commission expires:
8. Purchase and Sale. If Buyer exercises the Option at a closing, the Seller shall sell,
transfer and deliver the Option Land to the Buyer, represented by appropriate quitclaim deed.
The Buyer shall pay to the Seller the Purchase Price as set forth Section 4 above.
9, Survival. All representations, warranties and agreements made by the Seller and
by the Buyer in this Agreement shall survive the execution of this Agreement and any Closing
and any investigation at any time made by or on behalf of any party hereto.
Property for purposes of defining the Option Land, preparing a subdivision plan, and making an
application for subdivision approval. The Seller will cooperate in good faith to accomplish the
subdivision, at no cost or expense to the Seller. The Buyer or Buyer’s agents shall have the
right, at its sole expense, to cause a survey or subdivision plan and a subdivision application to
be prepared (the “Survey”). The Survey shall determine the metes and bounds of the Option
OPTION TO PURCHASE PROPERTY
THIS AGREEMENT is among Nashua Millyard Associates, Inc., their successors and
assigns (collectively, the “Seller”) and Stephen Bonnette and Aaron Bagshaw, their successors
and assigns (collectively, the “Buyer’).
RECITALS
This Agreement is entered into upon the basis of the following facts and intentions of the
parties:
A. Seller owns that certain real property described in Exhibit A hereto (the
Property”).
Seller
Nashua Millard Associates Inc.
Name:
Title:
Buyer
City of Nashua
Name: James W. Donchess,
Title: Mayor
paid, to the parties at the following address, or as at such other addresses as the
parties by like manner shall notify each other from time to time:
TO SELLER: President
Nashua Millyard Associates Inc.
22 Kehoe Avenue
Nashua, NH 03060
With a Copy to: Thomas “Jay” Leonard
Law Offices of Welts, White & Fontaine, P.C.
29 Factory Street
Nashua, NH 03060
TO BUYER City of Nashua
Economic Development Division Director
229 Main Street
Nashua, NH 03061
12. TOWER LEASE. Sellers retains and reserves the rights as Landlord of the Radio Tower
Lease for a period of two years from the Closing. For the two year period, the Seller will retain
possession of the leased premises and carry out the obligations of the Landlord, and the Seller shall
receive all rents as set forth in the Radio Tower Lease. The parties will memorialize the agreement
with execution of reasonable mutually acceptable document(s) at Closing.
13. ADJUSTMENTS, PRORATIONS AND CLOSING COSTS.
condemnation, requisition or taking has been received by the Seller and no such
condemnation, requisition or taking is threatened.