Manchester aldermen to vote on takeover of West Side arena
The revised document is similar to the original, but contains collateral provisions in case Renaissance is unable to deliver on its end of the agreement. Renaissance would establish a guaranty account to contain $300,000 by the end of 10 years that would revert to the city in the event of a default. In addition, the city would get to take over the company’s contracts, in particular its 25-year agreement with MRYHA.
Under the agreement, the renovations and maintenance of the facility would be handled by Summit Consulting and Management, which is owned by John Hebert, one of three principals of Renaissance. The other voting members of the corporation would be a representative of MRYHA and the city’s Department of Public Works.
Several aldermen at Monday’s meeting raised concerns that Hebert’s construction company stood to benefit from the arrangement. Hebert told the aldermen that he anticipated getting a “management fee.”
Hebert’s partners include his brother, Philip; both Heberts are Manchester natives and hockey enthusiasts. John previously ran a construction business in the U.S. Virgin Islands. The other partners include David A. Ross, a former attorney and consultant in Manchester, and John Deachman, an attorney with considerable experience in city hall matters who is serving as the group’s legal counsel.
Hebert said that he had shared his credentials with city officials. He stressed that the venture was key to keeping the West Side arena, which has had ongoing maintenance problems, in operation.
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