Meetings / Jan 7, 2026 / Item 92

Item 92

approved settlement

Jan 7, 2026

Description

Authorize to purchase the land, buildings, and other improvements comprising the North Parcel at Granite Place off of Rumford Street in Concord, NH from 2GRANITE PLACE LLC, Concord, NH, for up to $15,174,750, inclusive of anticipated closing costs, pursuant to the terms of a certain Purchase and Sale Agreement submitted herewith to be effective upon authorization by the G&C, and to pay certain additional customary and negotiated closing costs associated therewith. 100% Capital Funds. (2) Authorize to engage the law firm of Bernstein, Shur, Sawyer & Nelson, P. A., Manchester, NH, to issue an owner's title insurance policy to the State of New Hampshire and to provide title, escrow, closing, and settlement agent services for the foregoing purchase of the Property, the total cost of such services, including an estimated fixed-rate title insurance premium in the amount of $23,400, being estimated at $26,400. The total cost of such services and the estimated title insurance premium are typical and customary acquisition costs for a buyer of commercial real property in New Hampshire. 100% Capital Funds 2GRANITE PLACE LLC Bernstein, Shur, Sawyer & Nelson, P. A.

Amount
$15.2M
$15,174,750,, $23,400,, $26,400
Funding Source
100% Capital Funds; 100% Capital Funds
Vote Record approved
Motion by Kenney, seconded by Liot Hill acted as follows
Joseph Kenney (R) yes
Karen Liot Hill (D) yes
Janet Stevens (R) yes
John Stephen (R) yes
Dave Wheeler (R) yes

Documents (1)

Item_92.pdf Open in new tab →
← Back to Jan 7, 2026 meeting