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Woodsy · 11-25-2014, 12:23 PM

The way most laws governing the disposal of public property are written, I think the city has a fiduciary and legal duty to the citizens of Laconia to sell the property for fair market value.

I don't think the public property disposal laws allow for the City to be able to legally "gift" the property to a "For Profit" business.

The City can show any favoritism towards Lakeport Landing, and I think the right of first refusal might be considered favoritism by Irwin Marine and result in another lawsuit. But I have not seen the lease agreement either.

How the City goes about the sale of the property will mostly be semantics. In the end a sale will occur, and the property will belong to someone other than the City of Laconia. I personally would like to see Lakeport Landing retain the property. IMHO I think it would be extremely detrimental to their business to lose that location.

Woodsy

Woodsy

11-25-2014, 12:23 PM	#22
Woodsy Senior Member Join Date: May 2004 Location: Weirs Beach Posts: 1,952 Thanks: 80 Thanked 971 Times in 433 Posts	It is a tricky situation.... The way most laws governing the disposal of public property are written, I think the city has a fiduciary and legal duty to the citizens of Laconia to sell the property for fair market value. I don't think the public property disposal laws allow for the City to be able to legally "gift" the property to a "For Profit" business. The City can show any favoritism towards Lakeport Landing, and I think the right of first refusal might be considered favoritism by Irwin Marine and result in another lawsuit. But I have not seen the lease agreement either. How the City goes about the sale of the property will mostly be semantics. In the end a sale will occur, and the property will belong to someone other than the City of Laconia. I personally would like to see Lakeport Landing retain the property. IMHO I think it would be extremely detrimental to their business to lose that location. Woodsy Woodsy __________________ The only way to eliminate ignorant behavior is through education. You can't fix stupid.