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Laconia authorizes manager to negotiate successor agreement with Guilford for Lakes Business Park
Summary
Council authorized the city manager to negotiate a successor agreement with the town of Guilford for the Lakes Business Park, noting all lots have been sold; proposed terms include a 25% share to Laconia with some funds allocated to capital improvements capped at $1,000,000.
The Laconia City Council voted 6–0 to authorize the city manager to negotiate a successor agreement with the town of Guilford concerning the Lakes Business Park, a multi-jurisdictional economic development area governed by an intermunicipal agreement originally signed in May 2001.
City staff told the council that the park’s lots have…
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