Meetings / Aug 23, 2023 / Item 6

Item 6

approved lease

Aug 23, 2023

Description

Authorize a public hearing beginning at 10:00 a.m. pursuant to RSA 162-I:9 with regard to the recommendation of the Business Finance Authority of the State of New Hampshire (the ”Authority") to authorize the issuance of up to $72,500,000 of bonds and to award of a guarantee of the State of New Hampshire of the payment of a bond in the principal amount of up to $50,000,000 to be purchased by Service Federal Credit Union for the benefit of New Balance Athletics, Inc. (or an affiliate thereof) for the purchase and lease of an approximately 17.8-acre parcel of land improved by a building structure of approximately 102,000 square-foot building and related appurtenances, which will be used for manufacturing apparel, including shoes, and the performance of related internal business support services, located in the City of Londonderry, New Hampshire.

Amount
$72.5M
$72,500,000, $50,000,000
Vote Record approved
Motion by Stevens, seconded by Kenney
Joseph Kenney (R) yes
Cinde Warmington (D) yes
Janet Stevens (R) yes
Ted Gatsas (R) yes
Dave Wheeler (R) no
Dissenting: Wheeler

Documents (1)

Item_6.pdf Open in new tab →
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