Quote:
Originally Posted by LIforrelaxin
So lets think about this some. What has Lakeport Landing gotten out of this deal....
1. Free use of public property
2. extra room to help them run their business.
What has the City of Laconia gotten from this:
1. A successful business with in the Town.
What would seem reasonable at this point?
1. For Lakeport Landing be given the chance to buy the lot at market value
2. For Lakeport Landing to get the first right of refusal
3. For Lakeport Landing to create a new lease for the land with the Town, that incorporates a market value rent for the Town.
At the end of the day the Town will do what it wants.....I suggest that those of you that Live in Laconia, and have an opinion on this to get involved and give your opinion to the City Council....
I also think that Ms. Blizzard needs to be careful and more truthful about what she says. Loosing the use of the property will have a negative effect on the business, however I don't believe it will be detrimental to the business. I do believe it will have an effect on the operating costs of the business but certainly nothing that will impair the ability of the business to be profitable.
Why should Lakeport Landing get a concession like the use of the land for free? For the first 30 years the rent was the cost of putting up a building, and developing it, while cultivating their business... I am actually ok with that. Now the building is up, the land developed to their needs..... So now it is time to pay the piper and buy the land from the Town.
As Irwin would undoubtedly want to buy the lot, the Town seems to be doing what the should be doing and acting in their own best interest. I am sure Lakeport Landing, is acting in their best interest as well....Unfortunately it has to play out in a way that will make everyone comfortable... Because the town can't simply put a new lease into place or directly sell the lot to Lakeport.... There is red tape involved.....
My Hope is the following:
The town puts the lot and building up for Sale, with Lakeport Landing having the first right of refusal. Why you may ask, because it allows their to be no argument between the two parties on the value of the land. Then as the sale price also includes the building, Lakeport should get credit towards the purchase price for sum of money they invested into the building that they previously put up.
Unfortunately I don't live or own property in Laconia, so I have no ability to influence the outcome of this issue. But As I stated earlier those of you that are residents should speak to the Town council, and help influence the outcome.
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I don't really follow the part about LL getting a credit for the building.
From the Laconia Sun: The lease expires on November 1, 2015 and the tenant has no right to extend it further. At the termination of the lease all buildings and improvements on the lot become the property of the city.
To me that would seem that the improvements made (the building) were instead of rent and should belong to the city or the city should gain from the improvements. I wouldn't think that LL would get a credit if they or anyone else buys it.