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.
READER COMMENTS: 1
- Bird causes Concord-area power outage Monday - 0
- Swanzey solar array should be completed by end of 2014 - 1
- New Londonderry transmission line project will add 60 more utility poles - 0
- 'Northern Trespass' film to be screened in Nashua on Thursday night - 0
- Mount Washington Auto Road to host largest gathering of alternative-energy based vehicles in North America - 0
- Ayotte says Northern Pass lines should be buried beneath roads - 12
- Tariffs tabled in state energy talks - 2
- Without an exemption, Goffstown resident must pay high taxes on solar energy panels - 1
- State asked to re-evaluate Livermore Falls settlement deal - 0
READER COMMENTS: 0
- UPS driver charged in hit-and-run at Merrimack business - 0
- Seabrook mom pleads not guilty by reason of insanity to attempted murder of her two children - 1
- Gunman hits Circle K convenience store in Durham - 0
- Bella, a chihuahua mix, is still missing in Auburn - 0
- Nashua man charged in domestic knife threat - 0
- Manchester man detained on Nashua rape charges involving child - 0
- Pair accused in Hampstead home invasion also face witness tampering charges - 0
- Suicide car bomber kills 3 foreign troops in Afghan capital; Taliban claims responsibility - 0
- City officials to review proposed 'spice' ban - 0
DWI license revocations
Mexican man pleads guilty in international conspiracy to traffic hundreds of pounds of cocaine
Attorney claims illegal phone seizure following Christmas Eve accident that killed Brookline mom
Win tickets to see Kip Moore
Another View -- Sharon Day: The Democrats' claim to be the party for women is just not believable
Strategery: A war by any other name
Freeh dumb: Favoritism in Vt.?