Rockport Enters MOU with Lesher Family Foundation for RES Park
Trusted by teams at
Description
The Rockport Select Board approved a Memorandum of Understanding with the Lesher Family Foundation to fund and lead the planning, design, and construction of the new RES Park, including up to $3 million for initial development and potential annual maintenance support. This MOU is in effect through December 31, 2026 and sets the stage for additional construction and management agreements.
Contract Details
Contract Amount
Up to $3 million for planning, design, and construction; up to $100,000/year for five years for maintenance if needed
Vendor
LESHER FAMILY FOUNDATION
Agency
Town of Rockport, ME
Contract Type
PROFESSIONAL_SERVICES
Document Date
March 11, 2024
Contract Term
March 11, 2024 – December 31, 2026 (MOU); further agreements to follow
Renewal Date
2026-12-31
Renewal Info
Term ends December 31, 2026 unless mutually extended; MOU to be succeeded by additional construction and operations agreements as project progresses.
More from LESHER FAMILY FOUNDATION
More from Town of Rockport
Get alerts on contract renewals, new awards, and vendor activity.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.