Town of South Berwick Agenda Packet 2026-05-26
Parking lease revenues dedicated to lot maintenance
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Description
South Berwick voters authorized all 2026–2027 fiscal year proceeds from the existing parking lease with Avesta Young Street LP to be placed in a reserve account dedicated to parking lot repairs and maintenance. The action maintains the underlying lease and reallocates revenues for facility upkeep.
Contract Details
Vendor
AVESTA YOUNG STREET LP
Agency
Town of South Berwick, ME
Contract Type
FACILITIES
Document Date
May 26, 2026
Contract Term
Parking Lease Agreement dated December 12, 2014, and December 22, 2015; proceeds received in the 2026–2027 fiscal year
Renewal Info
Existing Parking Lease Agreement executed on December 12, 2014 and December 22, 2015 remains in force; this action only redirects FY 2026–2027 proceeds to a reserve for maintenance costs.
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