Item 109

Authorize, acting on behalf of the Governor pursuant to RSA 4:29, to purchase the land, buildings, and other improvements comprising the South Building Parcel at Granite Place off of Rumford Street in Concord from 2GRANITE PLACE LLC, Concord, NH, for up to $21,000,000, inclusive of anticipated closing costs, pursuant to the terms of a certain Purchase and Sale Agreement submitted herewith. Effective upon G&C approval, and to pay certain additional customary and negotiated closing costs associated therewith. 100% General Funds. (2) Further authorize the Department to assume from the Seller upon the closing of the foregoing purchase of real estate all of the Seller’s rights and unmet obligations under the pending and partially performed construction contract by and between the Seller and CAPITAL CONSTRUCTION LLC, Concord, NH, pursuant to the terms of a certain Assignment and Assumption Agreement submitted herewith. Effective upon the closing of the foregoing purchase of real estate, upon approval by the G&C, but only if both phases of the construction project under said pending construction contract have not reached final completion to the reasonable satisfaction of the State prior to said closing. 100% General Funds.