capital_improvement_program_purchase_of_sammys_lot.pdf
Durham Plans Bond-Funded Purchase of Sammy's Lot
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Description
The Town of Durham’s capital improvement program includes a planned $1,500,000 purchase of the 51-space Sammy's Lot parking facility from UNH in 2030. The acquisition will convert the current year-to-year parking agreement into outright town ownership, financed through a 20-year municipal bond.
Contract Details
Contract Amount
$1,500,000
Vendor
UNH
Agency
Town of Durham, NH
Contract Type
FACILITIES
Document Date
May 9, 2026
Contract Term
20-year bond financing contemplated; purchase targeted for Project Year 2030
Renewal Info
Current arrangement is a year-to-year Memorandum of Agreement for parking rights between Durham and UNH; the proposed transaction would replace this renewable MOA with a permanent property acquisition financed over 20 years.
More from UNH
Related Contracts
durham_capital_improvement_program_sammys_lot_purc.pdf
PLANNEDWolfeboro Waters Committee Agenda April 2026
PENDINGWolfeboro Waters Committee Agenda April 2026
PENDINGTown of Mont Vernon Selectmen Meeting Minutes February 2026
PENDINGtown_of_durham_2026_proposed_budget.pdf
ONGOINGMore from Town of Durham
capital_improvement_program_gis_program.pdf
durham_capital_improvement_program_sammys_lot_purc.pdf
Durham Trustees of Trust Funds Meeting Agenda April 2026
Town of Durham Trustees of Trust Funds Meeting Minutes January 2026
town_of_durham_2026_proposed_budget_town_administr.pdf
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