[fatlazyless]

$79,661.73 per each year, for each of the next five years, is what the Meredith Bay Colony Club will be paying and not just 15,000./year.

The Golden View nursing home and rehab which is located maybe 1/2 mile from the Meredith Bay Colony Club, and owned by the same owners as Meredith Bay Colony Club also has a similar payment in lieu of tax agreement with the Town of Meredith, so the Golden View basically pays for the town rate and county rate but is exempt from the town school and state school rates.

It seems to me that a nursing home and a rehab is much more like a medical facility than a age "+55 living" apartment building that includes an indoor swimming pool. Could well be that the exemption is appropriate for Golden View as a nursing home and rehab, but seems questionable for the Meredith Bay Colony Club.

Will try to post the article from the Nov 15, 2013, Laconia Daily Sun.

Also, Bea Lewis writing in the Laconia Citizen has been reporting about the on-going litigation between the Town of Meredith and the Meredith Bay Colony Club concerning their property taxes over the last couple of months.