Town Earmarks Parking Lease Funds For Lot Repairs
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Description
South Berwick plans to dedicate all 2026-2027 proceeds from its existing parking lease with Avesta Young Street LP into a non-lapsing reserve for maintaining the leased parking lot. The warrant article formalizes the use of lease revenues specifically for parking lot repair and upkeep.
Contract Details
Contract Amount
all proceeds from the Parking Lease Agreement received in the 2026-2027 Fiscal Year
Vendor
AVESTA YOUNG STREET LP
Agency
Town of South Berwick, ME
Contract Type
FACILITIES
Document Date
April 28, 2026
Contract Term
Fiscal Year 2026-2027
Renewal Info
Parking Lease Agreement originally dated December 12, 2014 and December 22, 2015; warrant dedicates FY26-27 lease proceeds to a designated reserve for maintenance. No explicit lease end date is provided in the document.
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