Item 21
approved leaseJul 19, 2023
Description
Authorize the Bureau of Rail & Transit to enter into a lease agreement for a 300 square foot parcel of state-owned land located on the Manchester & Lawrence Railroad Corridor in the Town of Salem, NH, to Outfront Media LLC for the greater of 30% of annual advertising income for the location per year or a minimum annual rent of $1,689.77, for a period of five years, which would yield a minimum of $8,448.85. Effective retroactive to January 1, 2023, upon G&C approval through December 31, 2027.
Amount
$8,449
$1,689.77, $8,448.85
Department
DEPARTMENT OF TRANSPORTATION
Funding Source
30% of annual advertising income for the location per year or a minimum annual rent of
Vote Record
approved
Motion by Kenney, seconded by Stevens acted as follows
Joseph Kenney
(R)
yes
Cinde Warmington
(D)
yes
Janet Stevens
(R)
yes
Ted Gatsas
(R)
yes
Dave Wheeler
(R)
yes
Documents (1)
Item_21.pdf
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