Meetings / Jun 19, 2013 / Item 236

Item 236

approved contract consent calendar late item

Jun 19, 2013

Description

Authorize the Bureau of Turnpikes , NH Liquor Commission, and NH Department of Resources and Economic Development to enter into a 35-year ground lease contract with Granite State Hospitality LLC d/b/a The Common Man Hooksett, Meredith, NH, in order to –re-develop the northbound and southbound Rest Areas in the Town of Hooksett to full service welcome centers with concession sales, fuel sales, visitor centers, and two new state Liquor and Wine Outlet Stores for a minimum guaranteed rent of $23,236,301 over the 25-year term with tiered rent payments based on the sale of gasoline and tiered percentage rent based on gross concession sales. Effective July 1, 2013 or upon G&C approval, whichever is later, through June 30, 2048, with the option to renew for up to two 5-year options at the sole discretion of the State. (2)Further authorize to pay Granite State Hospitality LLC d/b/a The Common Man Hooksett and the Department of Administrative Services, Bureau of Public Works in the amount not to exceed $8,400,000 for the construction of two new state liquor and wine outlet stores that will be co-joined with the new full service northbound and southbound welcome centers in the Town of Hooksett. Up to $250,000 will be deducted from the construction fund to pay for inspection services to be performed by the Bureau of Public Works (Requested Action No. 3). 100% Liquor Funds. (3)Further authorize to pay for inspection services payable to be conducted by the Department of Administrative Services, Bureau of Public Works, in an amount not to exceed $250,000. The funds for inspection services will be deducted from the cost of construction payable to Granite State Hospitality LLC d/b/a The Common Man Hooksett (Requested Action No.2). Any unused portion of the inspection services fees are to be dedicated to fund the construction of the new state liquor and wine outlet stores. 100% Liquor Funds. (4)Further authorize DOT to pay for inspection services of the northbound and southbound welcome centers to be conducted by the Department of Administrative Services, Bureau of Public Works in an amount not to exceed $100,000. 100% Turnpike Funds.

Amount
$23.2M
$23,236,301, $8,400,000, $250,000, $250,000, $100,000
Funding Source
100% Liquor Funds; 100% Liquor Funds; 100% Turnpike Funds
Vote Record approved
Raymond Burton (R) yes
Colin Van Ostern (D) yes
Christopher Sununu (R) yes
Christopher Pappas (D) yes
Debora Pignatelli (D) yes

Documents (1)

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